The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the Dangote Refinery is set to supply 25 million litres of petrol daily to the Nigerian market
The $20 billion refinery, which has a capacity of 650,000 barrels per day, is expected to increase this supply to 30 million litres per day by October.
The announcement was made in a post on X (formerly known as Twitter) by the NMDPRA.
The regulatory authority disclosed that during a meeting held in Abuja on Tuesday, an agreement was reached between the NMDPRA and the Nigerian National Petroleum Company Limited (NNPCL) to commence the sale and supply of crude oil to the Dangote Refinery in local currency.
ALSO READ: Fuel price hike: Policy Alert raises alarm over effects on Nigerians
“The refinery is now poised to supply an initial 25 million litres of PMS into the domestic market this September,” the NMDPRA stated.
“This amount will be increased to 30 million liters daily from October 2024.”
The refinery, one of the largest in Africa, is expected to play a critical role in addressing Nigeria’s fuel supply challenges and reducing dependence on imported petrol.