The Dangote Petroleum Refinery has dismissed rumours of a petrol price increase, confirming that Premium Motor Spirit (PMS) remains priced at ₦850 per litre at its facility.
This clarification follows recent reports alleging a shutdown of refinery operations and a halt in product distribution.
In an official statement, Group Chief Branding and Communications Officer, Anthony Chiejina, categorically denied claims of any operational shutdown or suspension of truck loading.
“The Dangote Petroleum Refinery is fully operational. There has been no shutdown, nor any suspension of truck loading activities,” the statement emphasized.
Chiejina reassured both the public and market stakeholders that refinery operations remain steady and uninterrupted.
The statement also explained that the intermittent sale of Residual Catalytic Oil (RCO), including recent fuel oil tenders, is part of routine business involving large-volume transactions, not an indication of supply disruption.
According to management, the refinery consistently supplies over 40 million litres of PMS daily, alongside stable volumes of Automotive Gas Oil (diesel), maintaining steady output despite circulating rumours to the contrary.
“As the world’s largest single-train petroleum refinery, we employ advanced predictive and preventive maintenance protocols to guarantee uninterrupted operations. Routine maintenance activities are standard and do not affect overall fuel supply,” the statement added.
Addressing speculations about supply shortages and potential price hikes, the refinery challenged critics to test the market:
“To those spreading misinformation and anticipating a bullish market, we issue this challenge: Place orders for up to 40 million litres of PMS and 15 million litres of AGO daily for the next 90 days, and see for yourselves the robustness of our supply.”
The refinery reiterated its commitment to transparency and Nigeria’s energy security, urging the public to reject unfounded rumours propagated by unscrupulous actors aiming to destabilize the nation’s energy independence—often for personal gain through the importation of substandard fuels under false claims of domestic shortages.
The Dangote Petroleum Refinery, with a capacity of 650,000 barrels per day, began producing diesel and aviation fuel in January 2024. By September 2024, it had commenced petrol processing, marking a significant milestone in Nigeria’s efforts to end dependence on imported refined petroleum products and strengthen national energy security.
