The Dangote Petroleum Refinery has confirmed that Premium Motor Spirit (PMS), also known as petrol, remains priced at ₦850 per litre at its facility, dismissing circulating rumours of a price hike.
This clarification follows recent speculation alleging a shutdown of operations.
In an official statement, Group Chief Branding and Communications Officer, Anthony Chiejina, firmly denied any halt in production or truck loading. “The Dangote Petroleum Refinery is fully operational. There has been no shutdown, nor has there been any suspension of truck loading activities,” the statement reads.
Chiejina assured the public and industry stakeholders that the refinery’s operations remain active and stable.
The company also explained that its occasional sale of Residual Catalytic Oil (RCO) is a normal business process, typically involving bulk transactions, which accounts for the recent fuel oil tender.
Management emphasised that the refinery continues to supply over 40 million litres of PMS daily, along with steady quantities of Automotive Gas Oil (diesel), despite contrary reports.
“As the world’s largest single-train petroleum refinery, the facility employs advanced predictive and preventive maintenance protocols to ensure uninterrupted operations. Routine maintenance activities are standard and do not impact the overall fuel supply,” the statement further clarified.
Addressing fears of possible supply disruptions and price surges, the refinery issued a challenge to those spreading the misinformation. “To those who believe this misinformation and anticipate a bullish market, we extend a challenge: We invite interested buyers to place immediate orders for up to 40 million litres of PMS daily and 15 million litres of AGO daily, for the next 90 days.”
Reaffirming its commitment to transparency and the nation’s energy stability, the refinery urged Nigerians to ignore baseless rumours propagated by individuals intent on undermining energy independence for personal gain, including the importation of inferior fuels under false claims of domestic shortages.
The 650,000-barrel-per-day Dangote Petroleum Refinery began producing diesel and aviation fuel in January 2024. By September 2024, it announced the start of petrol processing, marking a major step toward ending Nigeria’s dependence on imported refined petroleum and strengthening national energy security.