The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the Dangote refinery is expected to supply 25 million litres of petrol daily this month.
Speaking in a social media post on Tuesday, the authority said The Nigerian National Petroleum Company (NNPC) Limited has agreed to supply crude oil to the refinery in naira.
“At the NMDPRA headquarters in Abuja, NNPCL reach an agreement to commence crude oil sale and supply to Dangote Refinery in local currency,” the authority said.
“The refinery is now poised to supply an initial 25 million litres of PMS into the domestic market this September. And will subsequently increase this amount to 30 million liters daily from October 2024.”
The Dangote refinery officially began petrol production on September 3.
This is comes months after its initial announcement to begin production of the commodity, also known as premium motor spirits (PMS).
On May 18, Aliko Dangote, chairman of Dangote Industries Limited (DIL), had said the refinery would begin to produce petrol from June, adding that Nigeria would not have to import the product again.
However, in June, the business mogul said due to a minor delay, the refinery would commence petrol supply in July.
Still, production did kick off in July as planned, as Dangote refinery announced a shift to August.
On August 14, reports had claimed that the delivery date of the petrol supply had been postponed, but Anthony Chiejina, chief branding and communications officer of Dangote Group, denied the reports.
On July 29, the federal executive council (FEC) had approved a proposal by President Bola Tinubu directing the NNPC to sell crude oil to Dangote refinery and other refineries in naira.
The development followed several disputes between the refinery, the NNPCL, NMDPRA and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
THE CABLE
