Dangote Refinery’s price forecast sparks mixed reactions as petrol hits N1,000 per liter

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Sep 3, 2024 - 06:19
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Dangote Refinery’s price forecast sparks mixed reactions as petrol hits N1,000 per liter

Story Highlights:  

  • The ongoing petrol scarcity has heightened the demand for PMS production from the Dangote Refinery among industry stakeholders and consumers alike.
  • Experts suggest that production from the Dangote Refinery, which is anticipated to commence this month, could offer relief to consumers by addressing the supply challenges.
  • However, there are varying opinions on how the refinery’s operations will influence the price of PMS in the coming months.

The ongoing fuel scarcity has again intensified the demand for Premium Motor Spirit (PMS) production from Dangote Refinery, the world’s largest single-train refinery, drawing attention from both industry stakeholders and consumers.

Despite repeated assurances from the Nigerian National Petroleum Corporation (NNPC) Limited that distribution challenges have been resolved, fuel scarcity and long queues continue to plague key areas in Lagos, Ogun, and Abuja.

Many filling stations remain shut, forcing commercial motorists and private car owners to form long lines at the few outlets that are still operating.

Story Highlights: The ongoing petrol scarcity has heightened the demand for PMS production from the Dangote Refinery among industry stakeholders and consumers alike. Experts suggest that production from the Dangote Refinery, which is anticipated to commence this month, could offer relief to consumers by addressing the supply challenges. However, there are varying opinions on how the refinery’s operations will influence the price of PMS in the coming months. The ongoing fuel scarcity has again intensified the demand for Premium Motor Spirit (PMS) production from Dangote Refinery, the world’s largest single-train refinery, drawing attention from both industry stakeholders and consumers. Despite repeated assurances from the Nigerian National Petroleum Corporation (NNPC) Limited that distribution challenges have been resolved, fuel scarcity and long queues continue to plague key areas in Lagos, Ogun, and Abuja. Many filling stations remain shut, forcing commercial motorists and private car owners to form long lines at the few outlets that are still operating.