Dangote Refinery has disclosed that it might end up exporting up to 95-97 percent of its Premium Motor Spirit (petrol) as oil marketers in Nigeria have continue to ignore its product. The 650,000 barrels per day indigenous oil firm revealed that out of the numerous oil companied in Nigeria, only 3 to 5 percent of the marketers are willing to patronise its product.
The Vice President, Oil and Gas at Dangote Industries Limited, Devakumar Edwin, disclosed this yesterday during an X Space session organized by Nairametrics.
Edwin hinted about the challenge the refinery is facing amidst controversy in the oil and gas sector in Nigeria.
He said, “I’m selling 2 to 3 percent to small traders who are willing to buy, while the rest 95 to 97 percent I’m forced to export,” he said while speaking about the quantity of the refinery’s products sold locally.
The development comes after the Sunday’s date set by the NNPCL to commence lifting Dangote Refinery’s fuel is fast approaching void of any tangible plan.
Recall that the President of Dangote Group, Aliko Dangote announced Dangote Refinery’s first petrol rollout since last week as the company has lot already in stock.
However, Dangote disclosed its distribution to marketers is dependent on the NNPCL.
