Dangote Refinery Refutes Shutdown Allegations, Confirms Steady Fuel Supply
- The Dangote Petroleum Refinery has denied recent claims of a shutdown, assuring that production and supplies are ongoing as usual
- The company addressed concerns over sporadic sales of RCO, clarifying that such deals are a regular part of business and that fuel supply remains unaffected by routine maintenance
- It also challenged those spreading rumors of a fuel shortage to place substantial orders, emphasizing the refinery's commitment to transparency and Nigeria's energy independence
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Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
Recent claims that the Dangote Petroleum Refinery had shut down have been emphatically denied. The company assured Nigerians and market participants that production and supplies are still running smoothly.
Source: Getty Images
The refinery management flatly disputed allegations that its production line was idle or that truck loading operations had been suspended in a statement released by Group Chief Branding and Communications Officer, Anthony Chiejina.
“The Dangote Petroleum Refinery is fully operational. There has been no shutdown, nor has there been any suspension of truck loading activities,” the statement read.
Concerns regarding the sporadic sales of RCO were addressed by the refinery, which clarified that such deals are a regular aspect of business, especially when it comes to large parcel sales that may require public tender procedures.
The facility continues to supply more than 40 million liters of Premium Motor Spirit (PMS) per day, alongside steady amounts of Automotive Gas Oil (AGO), also referred to as diesel, the company said.
“As the world’s largest single-train petroleum refinery, the facility employs advanced predictive and preventive maintenance protocols to ensure uninterrupted operations. Routine maintenance activities are standard and do not impact the overall fuel supply,” the statement added.
The refinery responded to rumors of a potential fuel shortage and price increases by directly challenging those spreading the false information, urging them to accept substantial orders if they truly anticipated a market upheaval.
“To those who believe this misinformation and anticipate a bullish market, we extend a challenge: We invite interested buyers to place immediate orders for up to 40 million liters of PMS daily and 15 million liters of AGO daily, for the next 90 days, with full upfront payment. Should any supposed supply shortage occur, these buyers would be well-positioned to benefit from the predicted market rise.”
Source: Getty Images
The refinery reiterated its dedication to openness and Nigeria's energy independence, while advising the public to disregard what it called "unfounded rumors" spread by disloyal individuals.
The statement added that these rumors are being fueled by dishonest and disloyal people who aim to sabotage the nation's energy independence for their own self-serving purposes, including importing inferior fuels under the fictitious guise of shortages in domestic supplies.
Dangote raises petrol price
Legit.ng reported that Dangote Petroleum Refinery has raised its ex-depot price for Premium Motor Spirit (PMS), also known as petrol to N850 per litre.
The new price is a 3.66% or N30 increase from the previous price of N820 per litre quoted to marketers last week.
Ex-depot price refers to the price at which a refinery sells petrol to marketers at the refinery's gate.
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Source: Legit.ng
