The Dangote Petroleum Refinery has pledged to ensure an uninterrupted supply of petrol and diesel across Nigeria during the upcoming festive season, stating that its production now exceeds the country’s fuel consumption rate.
Okay News reports that the Group Chief Branding and Communications Officer of Dangote Industries Limited, Anthony Chiejina, disclosed this in a statement released on Saturday. According to him, the refinery currently produces over 45 million litres of petrol and 25 million litres of diesel daily, far above Nigeria’s total daily demand.
“Our production capacity surpasses national demand. We are collaborating with regulators and distributors to ensure efficient delivery across the country. Dangote remains committed to powering Nigeria,” Chiejina said.
He explained that the increase in domestic refining has helped stabilize the naira by reducing foreign exchange outflows and boosting local currency inflows.
Defending the government’s new tariff policy, Chiejina described it as an essential step to protect local industries from unfair foreign competition and product dumping. “Dumping destroys jobs and discourages industrial growth,” he noted, urging authorities to stop the influx of substandard petroleum products that threaten public safety and harm local producers.
He also commended President Bola Ahmed Tinubu, who assumed office as Nigeria’s president in May 2023, for supporting the new tariff regime, describing it as a “bold and visionary step” toward achieving energy independence and long-term economic renewal.
Chiejina cautioned that without such measures, cheaper petroleum imports from Asia and Europe could cripple local refineries and undermine Nigeria’s ongoing energy reforms.
The Dangote Refinery, located in Lekki, Lagos State, is one of the world’s largest single-train refineries, equipped with modern technology to ensure efficiency and environmental sustainability.
Aliko Dangote, President of Dangote Industries Limited and Africa’s richest man, assured Nigerians that fuel prices would remain stable during the Christmas and New Year celebrations. “Nigerians can expect a festive season without fuel queues,” Dangote stated.
Since the commencement of petrol production in September 2024, the refinery has been instrumental in reducing fuel prices. Petrol, which sold for about ₦1,030 per litre in 2024, now averages between ₦841 and ₦851 per litre, while diesel has dropped from ₦1,700 to roughly ₦1,020 per litre.
In comparison, petrol costs between $1.20 and $2.00 per litre in neighbouring West African countries, further highlighting the refinery’s positive impact on Nigeria’s energy stability.
