“Our PMS can be in filling stations within the next 48 hours” -Dangote

Aliko Dangote, the billionaire businessman, has announced that his 650,000-barrel-per-day refinery will start supplying petrol to filling stations across Nigeria within the next 48 hours.

Speaking at a press briefing on Tuesday, Dangote revealed that the refinery’s premium motor spirit (PMS) will hit the market once final arrangements with the Nigerian National Petroleum Company Limited (NNPCL) are completed. “Our PMS can be in filling stations within the next 48 hours, depending on NNPCL,” he said.

When asked about the pricing of petrol from his refinery, Dangote stated, “It is an arrangement which is designed and approved by the Federal Executive Council led by His Excellency, President Bola Ahmed Tinubu. As soon as it is finalized, which he (Tinubu) is pushing, once we finish with NNPC, it can be today, it can be tomorrow, we are ready to roll into the market.”

Dangote assured Nigerians of the high quality of petrol from his refinery, stating, “You will 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.” He added, “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.”

This development is expected to significantly impact Nigeria’s oil industry, as the Dangote Refinery will be able to supply 100% of the country’s oil needs, with surplus for export.