SAT NOV 01 2025-theGBJournal| Dangote Refinery is currently loading 45 million litres of PMS and 25 million litres daily which exceeds Nigeria’s demand, says Dangote Refinery’s Group Chief Branding and communications Officer, Anthony Chiejina.
Chiejina added that the refiner’s improved local production has helped stablise the exchange rate and strengthened the naira.
”We have reduced foreign exchange outflows and increased inflows, which in turn supports naira and strengthens the economy.”
He further explained that it would be unpatriotic for anyone to criticize the recently announced tariff on petroleum imports, which, according to him, it is a good start.
”The tariff is designed to protect domestic industries from unfair competition and safeguard local production.”
He commended the foresight of President Tinubu for approving the tariff policy aimed at strengthening and transforming Nigeria’s downstream oil and gas sector.
He equally noted that the decision reflects the administration’s commitment to creating a stable, business-friendly environment that supports local investment and enhances energy security.
President of Dangote Industries Limited, Aliko Dangote, recently assured Nigerians that the prices if petrol will not be hiked during the ember months, despite recent global price increases.
Since commencing petrol production in September 2024, Dangote Refinery has played a pivotal role in ensuring price stability, reducing the cost of petrol, aimed at stabilizing the market and easing the burden on consumers.
It has also eliminated the recurring fuel scarcity and long queues at filling stations that Nigerian often experienced, particularly during festive periods.
The average price pf PMS in September 2024 was N1,030 per litre, compared to an average of N841-N851 per litre in September 2025, following the implantation of the Dangote Refinery’s Direct Delivery Scheme.
Similarly, as of September 2024, the pump price of Autonomous Gas Oil (AGO) ranged between N1,400 and N1,700 per litre, depending on the state, with prices reaching up to N1,700 in most northern states.
By September 2025, however,, the average price had dropped significantly to around N1,020 per litre, reflecting the refinery’s impact on stabilizing the market and reducing logistics costs.
In comparison, petrol prices in neighbouring West African countries range between $1.20 and $2.00 per litre, while the average price in Nigeria remaons around $0.60 per litre, a clear indication of the refinery’s profound impact on affordability and supply stability.
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