Dangote Refinery Delays Petrol Supply To Mid-July

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The Dangote Petroleum Refinery in Lagos has delayed its initial petrol supply. Originally planned for June, the supply date has now been shifted to mid-July.

Aliko Dangote, the refinery’s President and CEO, explained that the delay was due to minor issues. He assured that petrol would be available by the second or third week of July.

Dangote made this announcement during a visit from a Senate delegation. The delegation was led by Senate President Godswill Akpabio, who toured the $20 Billion facility on Sunday.

“We encountered a slight delay, but petrol will start coming out between 10th and 15th July,” Dangote said. “We aim to have it settled in tanks before distributing it to the market by the third week of July.”

Senate President Akpabio praised the refinery during his visit. He referred to it as the “ninth wonder of the world” and commended Dangote for his achievement.

The refinery, located in Lagos, is owned by billionaire Aliko Dangote. It commenced operations last December, with a capacity of 350,000 barrels per day.

The refinery has already begun supplying diesel and aviation fuel. These products are now available to marketers across the country.

There is optimism among oil marketers regarding petrol prices from the Dangote Refinery. Many expect these prices to be significantly lower than current rates.

Currently, imported petrol in Nigeria retails between N568 and N700, depending on the region. Lower prices from Dangote’s refinery could bring much-needed relief to consumers.

According to Dangote, the delay in petrol supply is a temporary setback. He emphasised the refinery’s commitment to meeting its new mid-July target.

The Senate delegation’s visit underscores the national significance of the refinery. It is considered a major advancement in Nigeria’s oil and gas sector.

Dangote’s refinery is expected to reduce Nigeria’s reliance on imported refined products. This could have a positive impact on the country’s economy in the long term.

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