Dangote Refinery
Dangote Petroleum Refinery and Petrochemicals in Lagos State has moved the supply date for Premium Motor Spirit (PMS) popularly known as petrol from June to mid-July.
The President and Chief Executive Officer of the refinery, Aliko Dangote, attributed the postponement to slight delay but assured the public that by second to third week in July, the premium commodity would be in the market.
Dangote spoke when he received a Senate delegation led by Senate President Godswill Akpabio, on a tour of the $20 billion facility in Lagos on Sunday.
He said, We had a bit of delay but PMS will start coming out by 10th, 15thof July but then we want to keep in the tank to make it to settles. By third week of July, we will be able to sell it in the market.
On his part, Akpabio referred to the refinery as the 9thwonder of the world, commended the Africas richest man for the refinery project.
The refinery sited in Lagos and owned by the billionaire businessma commenced operations last December with 350,000 barrels a day.
The refinery has begun the supply of diesel and aviation fuel to marketers in the country.
Oil marketers are optimistic that the price of petrol by the Dangote Refinery should significantly be lower than the current retail prices of the imported refined product which range from N568 to N700 depending on the part of the country. (Channels TV)
NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.