On the 25th of April, Bloomberg reported that ‘a large fuel-production unit at Nigeria’s Dangote Oil Refinery’ was undergoing maintenance. However, the Dangote Refinery has come out to dispute this report.
- Dangote Refinery disputes reports of fuel production unit undergoing maintenance.
- Spokesperson claims refinery is loading millions of litres of fuel daily.
- Initial report claimed issue with gasoline-focused unit, impacting regional trade flows.
Recently, the Punch, in an interview with a senior spokesperson at the Dangote Refinery, discovered that the report of Dangote’s fuel production unit being under repair is not entirely accurate.
“It is not true. Don’t believe everything you see online. People can go to the refinery to check,” the spokesman said during the interview.
“The report is a lie. We are loading fuel every day. Millions of litres are being loaded on a daily basis. Go to the refinery there and see whether they are loading or not, and see how many trucks are leaving. We load millions of litres every day,” the spokesperson added.
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The initial report claimed that the refinery had an issue with a gasoline-focused residual fluid catalytic cracker, which can process around 200,000 barrels per day.
“While the RFCC isn’t the only unit used in gasoline production at the 650,000 barrel-a-day plant, it’s big enough that any outage will likely impact regional trade flows.
The refinery was recently supplying 18.4 million liters — 115,000 barrels — of gasoline to the domestic market each day,” the Bloomberg report read.
This stemmed from the analysis by Kpler and shipping, which noted that since April 14, Dangote has halted gasoline and diesel exports.
Dangote Refinery recent fuel price drop
In April, the Dangote refinery resumed its fuel price crash, dropping the price of petrol in Nigeria from ₦880 to ₦865.
This has been a recurring trend with the refinery since December 2024, as it periodically slashes prices marginally.
However, a halt in the Naira-for-Crude initiative, which allowed the refinery to buy crude from the country in its local currency, forced Dangote to halt the sale of fuel in Naira, all together.
Since the resumption of the Naira-for-Crude, the refinery has gone back to ensuring that it offers the most competitive fuel prices in the country.
