Dangote Petroleum Refinery has reaffirmed its dedication to supplying top quality petroleum merchandise at aggressive and reasonably priced costs, urging entrepreneurs and policymakers to prioritise logistics selections that help value stability and shopper welfare.
The refinery mentioned its place is anchored on sustained investments in crucial infrastructure, together with a world class gantry facility with 91 loading bays able to loading as much as 2,900 tankers every day. Operating on a 24-hour foundation, the ability can evacuate over 50 million litres of Premium Motor Spirit PMS, 14 million litres of Automotive Gas Oil (diesel) and different refined merchandise every day.
While the refinery stays open to coastal loading the place logistics make it crucial, it maintained that gantry loading stays probably the most economically environment friendly and operationally efficient choice. According to the refinery, direct gantry evacuation eliminates port prices, maritime levies and vessel associated prices that don’t add worth to finish customers, serving to to optimise prices, enhance distribution effectivity and help value stability.
Dangote Refinery clarified that entrepreneurs are free to decide on their most popular mode of evacuation, noting that PMS and different refined merchandise are made obtainable at aggressive gantry costs. “However, reliance on coastal delivery, particularly within Lagos, may introduce avoidable costs with material implications for fuel pricing, consumer welfare and overall economic wellbeing. In our opinion, coastal logistics can add approximately N75 per litre to the cost of petrol, which, if passed on to consumers, would push the pump price of PMS close to N1,000 per litre”.
Based on Nigeria’s common every day consumption of about 50 million litres of PMS and 14 million litres of diesel, the refinery estimated that sustained dependence on coastal logistics may impose an extra annual value of roughly N1.752 trillion. This value, it mentioned, would finally be borne both by producers or Nigerian customers.
The refinery additionally renewed requires coordinated funding in pipeline infrastructure nationwide, arguing that practical pipelines linking refineries to depots would considerably minimize distribution prices, enhance provide reliability and strengthen nationwide vitality safety.
Addressing claims that it imports completed petroleum merchandise, Dangote Refinery strongly refuted the allegations, describing them as deceptive. It defined that whereas its Residue Fluid Catalytic Cracking Unit is presently present process upkeep, it solely imports intermediate feedstock in keeping with world trade follow. The refinery challenged anybody with credible proof of completed product importation to current it to the suitable regulatory authorities, including that such claims are sometimes pushed by pursuits looking for to justify continued dependence on gas imports.
Dangote Refinery mentioned home refining has already delivered measurable advantages to the Nigerian economic system. Since graduation of operations, the value of diesel has fallen from about N1,700 per litre to N1,100 and presently trades between N980 and N990. Similarly, PMS costs have declined from about N1,250 per litre to between N839 and N900.
It added that elevated native provide has sharply diminished gas importation, eased international alternate pressures and improved market stability, contributing to a stronger naira, which not too long ago traded at about N1,385 to the greenback.
The refinery reiterated its dedication to effectivity, transparency and value stability in Nigeria’s downstream petroleum sector, urging entrepreneurs, regulators and policymakers to help logistics and distribution choices that align with nationwide {economic} pursuits, defend customers and maintain the long-term advantages of home
