Dangote refinery secures deal to supply millions of litres of petrol daily
The Dangote Petroleum Refinery has reached an agreement with 12 major marketers to distribute up to 65 million litres of petrol daily across Nigeria. Aliko Dangote announced that this move aims to ensure steady nationwide fuel availability and allow for the export of surplus volumes. The arrangement is designed to address supply disruptions and reduce reliance on imported fuel. The deal is expected to help stabilise prices and strengthen Nigeria’s energy security.
TLDR
- The Dangote refinery will supply between 60 and 65 million litres of petrol daily to the domestic market.
- Surplus petrol, estimated at 15 to 20 million litres daily, will be exported.
- The agreement involves major marketers like MRS Oil Nigeria Plc, NNPC Limited Retail, TotalEnergies, and others.
- The structured offtake model aims to improve logistics, reduce hoarding, and support price stability.
- The refinery is seen as a transformative asset that could end decades of petrol importation and boost Nigeria’s trade balance.
