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The Dangote Refinery says over 1,000 fuel trucks now troop to the facility daily to load petrol.
A statement issued on Friday night said the refinery has emerged as a hub of fuel distribution in Nigeria, following “bold strategic adjustments aimed at making energy more affordable and accessible.”
This, it said, followed the significant reduction in the pump price of Premium Motor Spirit to N699 per litre, alongside a drastic 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 statement said.
To further reassure marketers, the refinery said it had introduced a 10-day bank guarantee system, ensuring uninterrupted supply and strengthening confidence 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,” it stated.
President of the Dangote Group, Aliko Dangote, was quoted as saying, “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.”
It added that the approach opens the market to smaller operators, strengthens distribution networks and improves fuel availability across the country.
“By lowering barriers to entry, Dangote Refinery is driving competition and ensuring Nigerians benefit from a more stable and affordable fuel supply chain,” the statement noted.
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