News Desk
Dangote Refinery’s plans to release premium motor spirit, commonly known as petrol, into the market this month have been postponed. This was announced by the President of Dangote Group, Aliko Dangote, on Monday. Citing slight delays, Dangote assured that the production of PMS would commence by July 10 to 15, while supply to the market would start by the third week of the same month.
He said, “We had a bit of a delay, but PMS will start coming out between the 10th and 15th of July. However, we want to keep it in the tank to ensure that it settles. So by the third week of July, we’ll be able to take it into the market.”
Dangote had announced his plans to begin the sale of petrol in June, stating that his refinery would put an end to petrol importation in Nigeria.
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Addressing the matter at the Africa CEO Forum Annual Summit in Rwanda, the businessman and industrialist said, “Right now, Nigeria has no cause to import anything apart from gasoline, and by sometime in June, within the next four or five weeks, Nigeria shouldn’t import anything like gasoline; not one drop of a liter.”
“We have enough gasoline to supply at least the entire West Africa, diesel to West Africa and Central Africa. We have enough aviation fuel to supply the entire continent and also export some to Brazil and Mexico.
“We have started producing jet fuel, we are producing diesel, and by next month, we’ll be producing gasoline. What that will do is enable us to process most African crude.”
His statement had been a relief to Nigerians, who hoped this would lead to a reduction in petrol prices from about ₦700 to ₦500 or less.
Techrectory with Agency Report.
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