The Dangote Petroleum Refinery says more than 1,000 fuel trucks now load Premium Motor Spirit (PMS) daily from its facility, following recent reductions in petrol prices and adjustments to its supply terms.
The refinery disclosed this in a statement issued on Friday night, describing the facility as a major hub for fuel distribution in Nigeria after what it termed “bold strategic adjustments aimed at making energy more affordable and accessible.”
According to the statement, the development followed the reduction of the pump price of PMS to ₦699 per litre and a cut in the minimum purchase requirement from two million litres to 250,000 litres.
“These measures underscore Dangote Refinery’s commitment to stabilising supply, fostering inclusivity and supporting national economic growth,” the company said.
To further boost confidence among marketers, the refinery announced the introduction of a 10-day bank guarantee system, which it said would ensure uninterrupted supply and strengthen trust in its operations.
“Since the announcement, the response from fuel marketers has been overwhelming. The refinery now records over 1,000 trucks loading PMS daily from its gantry, a clear testament to market trust in the Dangote Refinery’s efficiency and leadership in the downstream sector,” the statement added.
President of the Dangote Group, Aliko Dangote, was quoted as saying that the company’s objective was to make energy affordable and accessible to Nigerians.
“Our goal has always been to make energy affordable and accessible for every Nigerian. By reducing prices and lowering the minimum purchase volume, we are empowering both large and small marketers to participate in the market, ensuring fuel reaches every corner of the country,” Dangote said.
The statement noted that the new approach has opened the market to smaller operators, strengthened distribution networks and improved fuel availability nationwide.
“By lowering barriers to entry, Dangote Refinery is driving competition and ensuring Nigerians benefit from a more stable and affordable fuel supply chain,” it stated.
Speaking to journalists last week, Dangote reaffirmed his commitment to ensuring Nigerians enjoy the benefits of domestic refining, stressing that the company was working to ensure recent price reductions at the gantry were reflected at retail outlets.
He also said the refinery project was driven by legacy considerations rather than profit, noting that he could have invested the estimated 20 billion dollars used for the project elsewhere if financial returns were his sole motivation.
Meanwhile, the Independent Petroleum Marketers Association of Nigeria (IPMAN) had on Thursday urged its members nationwide to patronise the Dangote Refinery for the purchase of PMS.
IPMAN said the refinery currently offers the most affordable prices for marketers, adding that free delivery of products is expected to commence in January 2026.