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Dangote Refinery Threatens to Export Petrol Amidst Local Market Boycott

Dangote Petroleum Refinery has issued a stern warning that it will begin exporting its Premium Motor Spirit (PMS), commonly known as petrol, if local marketers and the Nigerian National Petroleum Company Limited (NNPC) continue to boycott its product.

Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, made the announcement during a live interview on Monday. He revealed that despite the refinery’s successful production of petrol, local oil traders have been reluctant to purchase and distribute the fuel, opting instead to import diesel and aviation fuel.

“We have been producing and exporting aviation fuel, kerosene, and diesel,” Edwin stated. “Yesterday, we added PMS to this list. However, we are facing resistance from local traders who seem to be blocking the sale of our products.”

Edwin expressed frustration with the situation, emphasising that the refinery’s goal is to supply the domestic market with high-quality fuel. “If the traders or NNPC refuse to buy our petrol, we will have no choice but to export it,” he declared.

The refinery’s predicament is further compounded by the ongoing challenges in securing adequate crude oil supply. Despite the government’s efforts to prioritise local refineries, Dangote has found itself importing crude from foreign sources, which has driven up production costs.

Despite these hurdles, Edwin remains confident in the refinery’s ability to produce high-quality fuel. He highlighted the refinery’s state-of-the-art laboratory and commitment to environmental sustainability.

The Dangote refinery’s threat to export petrol comes at a time when Nigeria is grappling with fuel scarcity and rising prices. The availability of locally produced fuel could provide much-needed relief to consumers and help reduce the country’s dependence on imported petroleum products.

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