Dangote Petroleum Refinery Plc has assured Nigerian consumers of an end to Premium Motor Spirit (PMS) or petrol scarcity, saying that the country has entered a new phase of abundance.
The assurance was given by the newly appointed Managing Director of the Refinery, David Bird, at a press briefing in Lagos on Wednesday, following the seamless supplies by the facility during the last Christmas and New Year celebrations.
Bird described the development as a significant achievement.
Beyond availability, he said that Nigeria is now receiving world-quality fuels, produced to Euro 5 standards, because the refinery also exports gasoline to Europe and jet fuel to markets such as Dubai.
He criticised the historical dumping of inferior fuel products in West Africa and said Dangote Refinery’s output represents a major public health improvement, not just in volume but in quality, with lower sulphur and cleaner fuels.
“We have been able to achieve 1000 trucks daily and 500million liters a day”, he noted, adding that the stable and lower fuel prices are contributing to economic stability, including support for the naira.
According to him, the company’s decision to further invest in refining capacity and expand polypropylene production to 2.4 million tonnes would strengthen domestic manufacturing and create a large industrial ecosystem.
The company would not dwell on the controversial reorganisation in October, but on capacity building and expansion, Bird noted.
“Dangote’s vision for the expansion is all about enforcing lower costs that can expand to areas that are population-led”, he said.