Aliko Dangote, the head of Dangote Refinery, has announced that petrol will be available at his facility within the next 48 hours, PulseNets has learned.
During a press briefing on Tuesday, Mr. Dangote spoke to PulseNets, revealing plans for the inaugural release of fuel from the $20 billion refinery located in Lagos.
He stated that the refinery, which boasts a capacity of 650,000 barrels per day, is in the process of formalizing arrangements with the Nigerian National Petroleum Company Limited (NNPCL) before the petrol can be supplied to the market.
“Our PMS can be in filling stations within the next 48 hours, depending on NNPCL,” Mr. Dangote told PulseNets.
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He further explained that the pricing strategy for the petrol produced at his refinery is “an arrangement which is designed and approved by the Federal Executive Council led by His Excellency, President Bola Ahmed Tinubu.”
“As soon as it is finalised, which he (Tinubu) is pushing, once we finish with NNPC, it can be today. It can be tomorrow. We are ready to roll into the market,” Mr. Dangote revealed.
