Dangote Refinery to begin petrol supply next month, diesel price drops

Dangote Refinery to begin petrol supply next month, diesel price drops 

Dangote Refinery has concluded plans to begin supply of petrol to Nigeria’s domestic market from next month, May 2024.

Before the coming on stream of the 650,000 barrels per day refinery, the nation had depended almost 100 per cent on imported petrol to meet demand, according to a VANGUARD report on Thursday.

Facts provided by Dangote Refinery indicate that at full capacity, the facility will produce 99 million litres (26.2 million gallons) of petrol, diesel, jet fuel and kerosene per day.

Meanwhile, the price of Automotive Gas Oil, AGO, popularly known as diesel, has dropped by 20.6 per cent to N1,350 per litre in April 2024, from N1,700 per litre in March 2024, as the Refinery pumps more supplies to the market.

The drop in diesel price was said to have come as soon as Dangote Refinery commenced supply of the product to the local market.