Aliko Dangote, the President and CEO of the refinery, officially confirmed the revised production timeline during a press briefing at the $20 billion facility in Lagos on Monday.

Dangote Refinery

Dangote Refinery, recognized as Africa’s largest oil refinery, has rescheduled the commencement of premium motor spirit (PMS) production, commonly referred to as petrol, from June to mid-July.

CEO Dangote attributed the postponement to minor delays, necessitating the adjustment from the initially planned June start to mid-July. He specified that the refinery is projected to initiate petrol production between July 10 and 15, with distribution to local marketers anticipated to begin in the third week of July.

“We experienced a slight delay, but PMS production is expected to commence between July 10 and 15. Subsequently, we plan to store the fuel to ensure stability before releasing it. Hence, market distribution will start by the third week of July,” Dangote stated.

Meanwhile, the refinery has commenced the supply of jet fuel and diesel to domestic marketers, resulting in lower prices for these products at the pump.

Data from S&P Global Commodities at Sea indicate that the inaugural shipment was loaded onto the vessel “Doric Breeze,” which departed from the Lekki Free Zone in Lagos on May 27th and is currently on its way to Rotterdam, Netherlands.

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Read also: Dangote Refinery makes history with first jet fuel export to Europe

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