Nigeria's Dangote Group's oil refinery has commenced supplying petroleum products domestically, marking a significant stride towards the nation's energy self-sufficiency. Local oil marketers have agreed on a diesel price of $0.96 per liter through a bulk purchase deal, enhancing accessibility for consumers. With a refining capacity of up to 650,000 barrels per day, the $20 billion refinery, headquartered in Lagos, is poised to address Nigeria's reliance on imported refined products, aiming to close the gap in the domestic market.
The executive at Dangote Group affirmed the arrival of diesel and jet fuel shipments in the local market, indicating robust operational activity. Meanwhile, local fuel marketing associations, including the Independent Petroleum Marketers Association of Nigeria and the Depots and Petroleum Products Marketers Association, are actively engaging with Dangote to secure petroleum product supplies. The refinery's strategic location and substantial refining capacity position it to cater to domestic demand efficiently, promising a transformative impact on Nigeria's energy landscape.