Rising fuel imports forcing greater export focus — Dangote Refinery warns NMDPRA

The absorption of Dangote Petroleum Refinery and Petrochemicals, DPRP has expressed interest implicit the continued issuance of petroleum merchandise import licences contempt the refinery’s proven capableness to conscionable and transcend Nigeria’s home Premium Motor Spirit, PMS requirements.

The refinery noted that portion it remains afloat committed to supporting Nigeria’s vigor information and ensuring uninterrupted substance availability crossed the country, the measurement of imported PMS entering the marketplace has created uncertainty successful home request readying and inventory management.

According to marketplace information disposable to the refinery, imported PMS accounted for astir 43 percent of the substance supplied to the Nigerian marketplace successful July, a improvement that raises questions astir the necessity of continued large-scale imports erstwhile important section refining capableness exists.

Since commencing operations, Dangote Refinery has consistently maintained capable inventory levels and reserved merchandise volumes to warrant dependable proviso to the Nigerian market. This committedness has required important concern successful storage, logistics and moving capital, each aimed astatine protecting Nigerians from proviso disruptions and marketplace volatility.

However, the refinery stated that the lack of transparency regarding the existent measurement of imported products expected into the state makes ef...