In a swift and firm response to swirling rumors, the Dangote Petroleum Refinery has categorically denied any shutdown of operations, reassuring the public and market participants that its facilities remain fully operational and that its PMS gantry price remains at ₦850 per litre.
No Shutdown, Strong Supply Continuity
In a statement delivered by the Group Chief Branding and Communications Officer, Anthony Chiejina, the refinery rebuffed recent claims suggesting production has halted or that truck loading has been paused. “The Dangote Petroleum Refinery is fully operational. There has been no shutdown, nor has there been any suspension of truck loading activities,” he confirmed .
Clarifying the origins of speculation around fuel scarcity, the refinery explained that occasional sales of Residual Catalytic Oil (RCO)—often conducted via public tender for bulk buyers—are part of standard operations and do not signal any disruption .
Stable Prices and Volume Supply
The refinery reiterated its capacity to deliver over 40 million litres of Premium Motor Spirit (PMS) and consistent volumes of Automotive Gas Oil (diesel) daily—even amid routine maintenance cycles. Maintenance protocols, officials noted, are predictive, preventive, and non-disruptive, underscoring the refinery’s resilience .
The continued PMS gantry price remains at ₦850 per litre, unchanged despite circulating reports of potential hikes .
A Challenge to Rumour-Mongers
Turning up the heat on rumor spreaders, the refinery issued a bold challenge: any party anticipating a supply crunch and price spikes should place orders for up to 40 million litres of PMS and 15 million litres of diesel (AGO) daily for the next 90 days—with full upfront payment. “If any supposed shortage materializes, these buyers will be perfectly positioned to profit,” the statement said .
Why This Matters
The Dangote Refinery, commissioned in 2023, holds the distinction of being the world’s largest single-train petroleum refinery, with a capacity to refine approximately 650,000 barrels of crude daily—enough not only to meet Nigeria’s fuel needs but also to supply surplus for export .
Given Nigeria’s history of refinery instability and dependence on imports, the refinery’s dominance in supply and price stability is crucial. A regulatory backdrop reinforcing domestic supply—such as rules mandating crude allocation to local refineries like Dangote—adds further context and importance to the assurance of uninterrupted operations .
In Summary: Despite swirling rumors of a shutdown and potential fuel price spike, the Dangote Refinery has reiterated its unwavering operational status, steady supply of petrol and diesel, and unchanged gantry price of ₦850. A challenge has been laid down to skeptics and speculators: if fuel shortages are imminent, place your orders now and benefit from the supply you’re banking on.
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