Dangote refinery has stated that the federal government’s policy of 15 per cent charge on the imported fuel would improve market stability, even as it assured Nigerians uninterrupted supply of petroleum products.
In a press statement, the refinery’s management detailed its production capacity, impact on prices, and strong endorsement of a new government tariff policy designed to protect local industries.
Group Chief Branding and Communications Officer, Dangote Industries Limited, Anthony Chiejina, announced that the refinery is currently loading over 45 million litres of Premium Motor Spirit (PMS), commonly known as petrol, and 25 million litres of Automotive Gas Oil (diesel) daily. “This output significantly exceeds Nigeria’s domestic consumption.”
“Our refinery is currently loading over 45 million litres of PMS and 25 million litres of diesel daily which exceeds Nigeria’s demand,” Chiejina stated. “We are working collaboratively with regulatory agencies and distribution partners to guarantee efficient nationwide delivery.”
This robust production capacity has been pivotal in stabilising the market. The statement highlighted that since commencing petrol production, the refinery has played a key role in reducing costs for consumers.
Data provided shows that the average price of petrol dropped from about N1,030 per litre in September 2024 to an average of N841–N851 per litre in September 2025, following the implementation of the refinery’s Direct Delivery Scheme.
Similarly, the price of diesel saw a significant drop, falling from a range of N1,400-N1,700 per litre in September 2024 to around N1,020 per litre by September 2025.
Defending the Federal Government’s recent tariff policy on imported petroleum products. Chiejina described the move as “transformative” and a testament to President Bola Ahmed Tinubu’s “courageous and visionary leadership.”
He argued that the tariff is essential to protect Nigeria’s budding refining industry from the threat of “dumping”, where foreign producers flood the market with cheap, subsidised, or even substandard products.
“Dumping engenders poverty, discourages industrialisation, creates unemployment and leads to revenue loss for the government,” Chiejina explained. He pointed to the collapse of Nigeria’s once-thriving textile industry as a cautionary tale of the damage caused by dumping.
He warned that failure to protect local industries could lead to large-scale dumping from countries in Asia and Europe with excess production capacity, which would “strangle domestic refineries, cripple allied industries, and undermine the laudable policies of President Bola Tinubu’s administration.”
The refinery emphasised that its operations have had a positive macroeconomic impact by “reducing foreign exchange outflows and increasing inflows, which in turn supports the naira and strengthens the economy.”
Chiejina urged “rent-seekers” to reconsider their business practices and align with the government’s vision for a self-sustaining energy sector. He called for a collective sense of patriotism and responsibility, stating that it would be “unpatriotic for anyone to criticise the recently announced tariff,” which he described as a “good start.”
The statement assured that the prices of petrol will not be hiked during the ember months despite recent global price increases, assuring Nigerians can “look forward to a Christmas and New Year free of fuel anxiety.”