
- Dangote Refinery plans to sorb implicit N1.07 trillion annually successful substance organisation costs by supplying petrol, diesel, and aviation substance straight to marketers
- The institution has invested N720 cardinal successful 4,000 CNG-powered lorries and nationwide CNG stations to instrumentality this cost-saving inaugural
- This determination is expected to trim inflation, chopped accumulation costs, make implicit 15,000 jobs, and curb cross-border substance smuggling
Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
As portion of its purpose to proviso substance straight to marketers crossed Nigeria, the Dangote Petroleum Refinery estimates that it volition sorb much than N1.07 trillion annually.

Source: Getty Images
The refinery disclosed that it had already spent implicit N720 cardinal to instrumentality the plan, which is expected to prevention Nigerians much than N1.7 trillion yearly by distributing substance products nationwide utilizing 4,000 lorries powered by compressed earthy state (CNG).
“This bold measurement volition spot the privately-owned refinery sorb implicit N1.07 trillion annually successful substance organisation costs. The inaugural is besides poised to importantly payment implicit 42 cardinal Micro, Small, and Medium Enterprises (MSMEs) by reducing vigor costs and enhancing profitability,” the institution said successful a connection made disposable to our newsman connected Sunday.It is expected that the programme, which seeks to destruct proscription expenses for substance marketers and large users, volition assistance little inflation and substance pump prices.
Dangote announced that it would statesman delivering petrol and diesel straight to filling stations, factories, and different ample consumers from August 15.
The connection noted that the extremity is to proviso the 65 cardinal litres of refined substance products that Nigeria consumes daily.
“This includes 45 cardinal litres of Premium Motor Spirit (PMS), 15 cardinal litres of diesel, and 5 cardinal litres of aviation fuel.“With the mean logistics outgo estimated astatine N45 per litre, the refinery volition screen implicit N1.07 trillion annually successful escaped organisation expenses. Dangote Group is investing N720 cardinal successful the acquisition of 4,000 CNG-powered lorries, arsenic good arsenic the constitution of nationwide CNG 'mother and daughter' stations, among different infrastructure to instrumentality the free organisation initiative,” the institution noted.It further explained that the inaugural is portion of Dangote's broader strategy to region logistical barriers, amended energy efficiency, beforehand biology sustainability, and lend to Nigeria's economical growth.
The steadfast emphasised that lowering the outgo of substance transportation would trim inflationary pressures, spur economical growth, and chopped accumulation costs.
“The inaugural is besides expected to revive dormant filling stations, creating jobs successful the process. Over 15,000 nonstop jobs are projected to beryllium created crossed the proviso chain, including drivers, presumption managers, and attendants astatine the CNG stations,” the connection added.
Source: Getty Images
The refinery besides highlighted that the programme would assistance curb cross-border smuggling of substance products and enactment a much businesslike and environmentally affable organisation system.
Filling stations instantly alteration petrol price
Legit.ng reported that the summation successful the ex-depot terms of Premium Motor Spirit (PMS), besides known arsenic petrol, announced by Dangote Refinery precocious Friday, prompted filling stations passim the Lagos metropolis connected Saturday morning.
On Friday, June 20th Dangote Refinery raised the ex-depot terms of petrol by N55 per litre, from N825 to N880.
Members of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), NNPC retail outlets, Independent Petroleum Marketers Association of Nigeria (IPMAN), and the Major Energy Marketers Association of Nigeria (MEMAN) rapidly adjusted their metres successful effect to the increase.
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Source: Legit.ng