The administration of Dangote Refinery has reaffirmed its readiness to satisfy the nation’s petrol demand, stating that it has adequate inventory to load any quantity required by entrepreneurs as pump costs proceed to climb nationwide.
The corporate disclosed that greater than 310 million litres of Premium Motor Spirit (PMS) are presently accessible in its storage tanks, a quantity it says can serve each home and export markets.
The clarification follows rising public concern over the leap in retail costs to almost ₦950 per litre regardless of steady crude oil and trade charges.
Talking throughout an inspection tour of the ability, Devakumar Edwin, Vice President of Dangote Group, stated the refinery’s operations stay steady and that distribution to entrepreneurs is ongoing.
He urged gas entrepreneurs to ship their vehicles for loading as a substitute of speculating about attainable provide disruptions.
Edwin defined that minor changes in crude consumption had been routine stock administration measures relatively than indicators of operational issue.
“Refineries handle inflows based mostly on worth actions and storage ranges,” he stated, including that lowering influx at sure intervals prevents tying up an excessive amount of working capital in crude oil.
He famous that common upkeep schedules are a part of refinery operations worldwide and warranted that Dangote Refinery continues to supply and cargo every day with out interruptions.
Trade analysts say the refinery’s assertion comes at a vital time for the downstream sector, the place worth uncertainty has created renewed stress amongst shoppers and entrepreneurs.
The most recent worth will increase have been attributed to rising depot costs, with some entrepreneurs adjusting pump costs in response.
Regardless of these developments, Edwin maintained that the refinery’s output capability is greater than adequate to satisfy Nigeria’s full demand for petrol, diesel, and aviation gas, whereas exporting extra volumes.
He defined that the ability’s superior configuration allows a 94 per cent yield of sunshine merchandise, positioning it among the many best refineries globally.
Market watchers consider the refinery’s assurance may assist stabilise provide expectations if distribution bottlenecks and pricing transparency are addressed throughout the downstream chain.
Dangote Refinery’s rising output stays a central consider Nigeria’s power transition and in efforts to curb imported gas dependency.
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