The Dangote Petroleum Refinery has pledged to maintain an uninterrupted supply of petrol and diesel across Nigeria, assuring citizens of stable prices and no fuel scarcity during the upcoming Christmas and New Year holidays.
In a press statement released early Saturday, the refinery’s management detailed its significant production output and strongly endorsed the Federal Government’s recent tariff policy on imported petroleum products, framing it as a vital measure to protect the local economy.
Production exceeds national demand
Anthony Chiejina, Group Chief Branding and Communications Officer for Dangote Industries Limited, revealed that the refinery is currently loading over 45 million litres of Premium Motor Spirit (PMS), commonly known as petrol, and 25 million litres of Automotive Gas Oil (diesel) daily.
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“This significant production capacity not only guarantees local supply but also enhances energy security and reduces dependence on imports,” Chiejina stated. He added that the company is collaborating with regulators and distributors to ensure efficient nationwide delivery.
Impact on fuel prices and the economy
The refinery credited its operations with bringing notable price stability to the market. According to the statement, the average pump price of petrol has dropped from approximately N1,030 per litre in September 2024 to between N841 and N851 per litre in September 2025.
The decrease was even more pronounced for diesel, which fell from a high of N1,700 per litre in some regions to an average of N1,020 per litre over the same period.
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The statement also highlighted the positive macroeconomic impact, noting that the reduction in fuel imports has “helped stabilise the exchange rate and strengthen the naira” by cutting foreign exchange outflows and increasing inflows.
Strong defence of new tariff
A key focus of the announcement was the refinery’s firm support for the government’s new tariff, which it argued is essential to shield domestic industries from “dumping”, the practice of flooding a market with cheap, subsidised imports.
“Dumping engenders poverty, discourages industrialisation, creates unemployment and leads to revenue loss for the government,” Chiejina said. He pointed to the historic collapse of Nigeria’s textile industry as a precedent for the damage dumping can cause.
The statement described the tariff policy as a “transformative step” and praised President Bola Ahmed Tinubu for his “courageous and visionary leadership” in approving it.
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Warning against ‘rent-seekers’
The refinery issued a warning that without such protective measures, countries with excess production capacity in Asia and Europe could undermine Nigeria’s domestic refineries and allied industries.
Chiejina urged “rent-seeking individuals” to align with the government’s vision for a self-sustaining energy sector, emphasising the need for patriotism and a collective commitment to policies that strengthen the local economy.
The assurance and policy comments come with a promise from Aliko Dangote, President of Dangote Industries Limited, that petrol prices will not be increased during the remainder of the year, despite rising global costs.
