The management of Dangote Refinery has reaffirmed its readiness to meet the country’s petrol demand, stating that it has sufficient stock to load any volume required by marketers as pump prices continue to climb nationwide.
The company disclosed that more than 310 million litres of Premium Motor Spirit (PMS) are currently available in its storage tanks, a volume it says can serve both domestic and export markets.
The clarification follows growing public concern over the jump in retail prices to nearly ₦950 per litre despite stable crude oil and exchange rates.
Speaking during an inspection tour of the facility, Devakumar Edwin, Vice President of Dangote Group, said the refinery’s operations remain stable and that distribution to marketers is ongoing.
He urged fuel marketers to send their trucks for loading instead of speculating about possible supply disruptions.
Edwin explained that minor adjustments in crude intake were routine inventory management measures rather than signs of operational difficulty.
“Refineries manage inflows based on price movements and storage levels,” he said, adding that reducing inflow at certain periods prevents tying up too much working capital in crude oil.
He noted that regular maintenance schedules are part of refinery operations worldwide and assured that Dangote Refinery continues to produce and load daily without interruptions.
Industry analysts say the refinery’s statement comes at a crucial time for the downstream sector, where price uncertainty has created renewed tension among consumers and marketers.
The latest price increases have been attributed to rising depot charges, with some marketers adjusting pump prices in response.
Despite these developments, Edwin maintained that the refinery’s output capacity is more than sufficient to meet Nigeria’s full demand for petrol, diesel, and aviation fuel, while exporting excess volumes.
He explained that the facility’s advanced configuration enables a 94 per cent yield of light products, positioning it among the most efficient refineries globally.
Market watchers believe the refinery’s assurance could help stabilise supply expectations if distribution bottlenecks and pricing transparency are addressed across the downstream chain.
Dangote Refinery’s growing output remains a central factor in Nigeria’s energy transition and in efforts to curb imported fuel dependency.
