The Dangote Petroleum Refinery has recorded a surge in activity, with more than 1,000 fuel trucks now loading petrol from the facility every day, following recent reductions in fuel prices and purchase requirements.
In a statement released on Friday night, the refinery said it has quickly become a major hub for fuel distribution in Nigeria after introducing what it described as bold and strategic measures aimed at making energy more affordable and widely accessible.
According to the statement, the surge in demand followed a cut in the pump price of Premium Motor Spirit (PMS) to ₦699 per litre, alongside a sharp reduction in the minimum volume marketers are required to buy from two million litres to just 250,000 litres.
The refinery explained that the new pricing and volume structure is designed to stabilise fuel supply, open up the market to more participants and support Nigeria’s broader economic growth.
“These steps demonstrate our commitment to stabilising supply, promoting inclusivity and strengthening the downstream sector,” the statement said.
To further boost confidence among marketers, Dangote Refinery also introduced a 10-day bank guarantee system, which it said would ensure uninterrupted fuel supply and smooth transactions.
“Since the announcement, the response from marketers has been overwhelming. We now record over 1,000 trucks loading PMS daily from our gantry, a clear indication of the market’s trust in our efficiency and leadership,” the refinery noted.
President of the Dangote Group, Aliko Dangote, said the changes were driven by the company’s desire to ensure affordable energy for Nigerians.
“Our goal has always been to make energy accessible and affordable for every Nigerian. By lowering prices and reducing minimum purchase volumes, we are empowering both large and small marketers and ensuring fuel reaches all parts of the country,” Dangote said.
He added that the approach would strengthen distribution networks, increase competition and improve fuel availability nationwide, particularly for independent and smaller operators who were previously locked out by high entry barriers.
By opening up the market, the refinery said Nigerians stand to benefit from a more stable, competitive and affordable fuel supply chain.
Speaking to journalists last week, Dangote reaffirmed his commitment to ensuring that the benefits of domestic refining are felt by ordinary Nigerians. He said the company is working closely with stakeholders to ensure that reductions at the gantry translate into lower prices at retail outlets.
Dangote also stressed that the refinery project was driven by a desire to leave a lasting legacy rather than profit, noting that he could have invested the estimated $20 billion elsewhere if financial returns were his primary motivation.
Meanwhile, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged its members across the country to patronise the Dangote Refinery when sourcing petrol. The association noted that the refinery currently offers the most competitive prices for marketers, adding that free product delivery is expected to begin in January 2026.
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