Business News

Dangote Refinery to Begin Petrol Supply Next Month

sufficient supply petrol

By Adedapo Adesanya The Dangote Refinery, Nigeria’s privately-owned new mega-refinery, will begin domestic deliveries of Premium Motor Spirit (PMS), popularly known as petrol, in May 2024. According to Bloomberg, the news of the anticipated petrol supply to the Nigerian market was confirmed by the firm’s Executive Director, Mr Devakumar Edwin. If this happens, it would help wean Nigeria, which is Africa’s most populous country and largest crude oil producer of costly petroleum imports. Despite its top oil producer status, Nigeria imports almost all its fuel due to lack of refining capacity. The 650,000 barrels per day and $19.5 billion facility