The Chairman of Dangote Industries and owner of Dangote Refinery, Aliko Dangote, has disclosed that petrol from his refinery would be available in the markets within 48 hours.
Speaking on Tuesday at the refinery located in Ibeju-Lekki, Lagos State, Dangote stated that the pricing for the fuel would be determined by an arrangement which is designed and approved by the Federal Executive Council (FEC) led by President Bola Ahmed Tinubu.
While he didn’t mention a specific price, Dangote added that depending on the Nigerian National Petroleum Company (NNPC) Limited (NNPC), fuel from the 650,000 barrels per day refinery would be available at filling stations, but on their part, they are ready to roll into the market.
“Our PMS (Premium Motor Spirit) can be in filling stations within the next 48 hours depending on NNPCL,” he said.
He assured all citizens that they “are now going to have good petrol while the engines of your vehicles will last longer. You will not be having an engine issue, which a lot of us were having. It won’t happen at all.”
“The quality here will match that of anywhere in the world; US, America, we will make sure that nobody will beat us in terms of quality”.
The refinery
He said as soon as his company finalises modalities with the Nigerian National Petroleum Company Limited (NNPCL), the product will hit the market.
“As soon as we finalise with the NNPCL, our product will start going into the market.
“We will help to restore industry and manufacturing. We will begin real import substitution, which is what we have, you know, saving foreign exchange, earning foreign exchange, which will stabilise the naira, and it will also help bring down inflation and cost of living,” he stated.
