Dangote Petroleum Refinery says it will begin the nationwide
distribution of diesel and premium motor spirit (PMS), also known as petrol, on
August 15.
In a statement on Sunday, the company said it has acquired
4,000 new compressed natural gas (CNG)-powered tankers to enhance its fuel
distribution capacity across the country.
The refinery said the rollout will be phased and supported
by investments in CNG stations and over 100 mobile CNG tankers to guarantee efficient
last-mile delivery.
The company said it will supply petroleum products directly
to marketers, petrol dealers, manufacturers, telecom firms, aviation players,
and other large-scale users, at no additional logistics cost.
“This strategic programme is part of our broader commitment
to eliminating logistics costs, enhancing energy efficiency, promoting
sustainability and supporting Nigeria’s economic development,” the company
said.
“It affirms our dedication to improving the availability and
affordability of fuel, in support of broader efforts to strengthen the economy
and improve the well-being of all Nigerians.
“Under this initiative, all petrol stations purchasing PMS
and diesel from the Dangote Petroleum Refinery will benefit from this enhanced
logistics support.
“Key sectors such as manufacturing, telecommunications, and
others will also gain from this transformative initiative, as reduced fuel
costs will contribute to lower production costs, reduced inflation, and foster
economic growth. Players in these key sectors and others can purchase directly
from the Dangote Petroleum Refinery.”
CREDIT FACILITY, OPEN
ACCESS TO BULK BUYERS
As part of the initiative, the refinery said it is offering
a two-week credit facility for buyers who purchase at least 500,000 litres of
PMS or diesel.
The company said such buyers will be eligible to receive
another 500,000 litres on credit, subject to bank guarantees.
The organisation said registration and know your customer
(KYC) processes for interested stakeholders will run from June 16 to August 15.
“This move is aligned with the Renewed Hope Agenda of
President Bola Ahmed Tinubu,” the statement reads.
“It reflects a shared vision of economic stability,
industrial growth and inclusive development.
“We also thank the federal government for its support,
particularly through the Naira-for-Crude scheme, which has helped stabilise
fuel supply amid global volatility.”
The company said the initiative will stimulate small and
medium-sized enterprises (SMEs), boost government revenues, and improve
investor confidence in Nigeria’s downstream petroleum market.
“This is a major revolution in Nigeria’s midstream and
downstream oil sector. We are committed to ensuring equitable fuel access for
all Nigerians, wherever they may be,” the company said.
The Dangote refinery, a 650,000 barrels-per-day facility,
began operations in 2024. It is known as Africa’s largest single-train
refinery.
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