Dangote Refinery has commenced the rollout of its first Premium Motor Spirit (Petrol) from its 650,000 barrels per day Lagos-based refinery.
The President of Dangote Group, Aliko Dangote, disclosed this during a press conference with journalists on Tuesday.
He stated that the company’s petrol will substitute import dependence, bring down inflation, and stabilize the Naira against the dollar.
According to him, the petrol will hit the Nigerian market as soon as discussions are finalized with the Nigerian National Petroleum Company Limited.
“The quality will match that of anywhere in the world.
“It is a day of celebration. It is a day to give thanks to God, to give thanks to Mr. President, and also to friends who have been supportive in ensuring that this refinery produces gasoline. We are now here.
“As soon as we finalize with the Nigerian National Petroleum Company, our product will start entering the market.”
Upon commissioning in January 2024, the $20 billion refinery commenced production of Naphtha and Aviation Fuel months ago.
The development comes as Nigerians groan over prolonged fuel queues across the country.
This comes as petrol sells for above N1,000 per liter in some parts of the country.
Subscribe to Updates
Get the latest creative news from FooBar about art, design and business.
Trending
- Over 60 Youth Groups Dissociate Themselves From October 1 Protest
- More Than 60% Pass English, Maths As NECO Releases 2024 SSCE Results
- I’m Not Part Of Any Fresh Plot To Dethrone Emir Sanusi – Ganduje
- Lagos Speaker, Obasa, Celebrates Deputy Governor, Hamzat, At 60
- N70,000 Minimum Wage: FG Threatens Jail Term To Private Employers Who Default
- EFCC’s Drama Over Yahaya Bello’s Arrest Is Unnecessary – Reuben Abati
- Poor Maintenance: Lagos To Demolish Police Barrack Over Imminent Collapse
- Edo Guber: Obi Charges Security Agencies , INEC To Ensure Free, Fair Poll
BREAKING: Dangote Officially Confirms Petrol Rollout
Related Posts
Subscribe to Updates
Get the latest creative news from FooBar about art, design and business.
© 2024 The Scrutiny. Designed by Design Streams.