Aliko Dangote discloses set date refinery will begin sale of petrol to Nigerians

Africa’s richest man and founder of Dangote Group, Aliko Dangote has disclosed the commencement of his refinery to sell petrol to Nigerians.

Dangote, while speaking with Journalists on Sunday, July 14, 2024, confirmed that his refinery will commence the sale of petrol to Nigerians in August 2024.

According to the billionaire businessman, the sale will be made directly to marketers, and there is hope that this could crash petrol prices.

He said that the refinery will start its operation this year, 2024, beginning with refining intermediate products such as polypropylene, naphtha, RCO, gasoline, diesel, and jet fuel.

He added that the refinery’s steady-state production phase commenced in March 2024.

“We will ramp up production to 500,000 barrels per day (bpd), with 15 crude cargoes a month by August, 550,000 bpd by end of the year, and 650, 000 bpd by first quarter of 2025.”

Earlier, Legit.ng reported that the Dangote refinery set July 10–15, 2024, as the dates for supplying petrol products to the Nigerian market. He confirmed to Journalists again:

“Petrol production is to commence in July with sales from August.”