No More Petrol Imports as Dangote Refinery Meets Local Demand – Oil Marketers

No More Petrol Imports as Dangote Refinery Meets Local Demand – Oil Marketers

Oil marketers have confirmed that Nigeria is no longer importing petrol, with all current supplies coming directly from the Dangote Petroleum Refinery, resulting in a stable supply chain and gradual price reductions at filling stations nationwide.In an interview, Chinedu Ukadike, National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), stated that independent marketers are receiving consistent petrol allocations from Dangote without any reported shortages, even during the peak Christmas demand period.“Since Dangote has reduced his price, and we have not complained of a shortage of products.There is no shortage of products, and there is no importation. So, you will find out that the supply chain is stable.I don’t think anybody is importing at this moment....all the supplies we are getting now are from Dangote,” Ukadike explained.He noted that Dangote has made distribution more flexible by allowing marketers to purchase in smaller volumes of 250,000 litres (down from the previous 500,000 litres), which has improved access, increased competition, and sped up product availability in the market.Ukadike added that the refinery’s transparent approach has impressed marketers, with expectations of further price reviews downward due to reduced logistics costs from local sourcing.The Dangote Refinery is currently producing and supplying over 50 million litres of Premium Motor Spirit (PMS, commonly known as petrol) daily, with a commitment to deliver up to 1.5 billion litres monthly. This level of output has significantly boosted nationwide product availability.Independent marketers have dismissed earlier reports suggesting supply disruptions or collapsed agreements, stressing that Dangote’s consistent delivery has brought stability to the downstream sector.While Dangote now supplies the bulk of the market, some marketers noted that limited imports may still occur occasionally for strategic stock buffering to guard against any potential scarcity as domestic production continues to scale up toward full self-sufficiency.The shift marks a historic milestone for Nigeria, ending decades of heavy reliance on imported petrol, conserving foreign exchange, enhancing energy security, and promoting greater competition in the downstream petroleum industry. Marketers anticipate continued price stability and possible further reductions as refinery operations optimize.    

Source: No More Petrol Imports as Dangote Refinery Meets Local Demand – Oil Marketers

 - NigerianEye
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