The $20bn worth Dangote Petroleum Refinery has commenced the sale of Automotive Gas Oil, popularly called diesel, to oil marketers nationwide.
Dealers and officials of the plant confirmed this on Tuesday, as it was gathered that the refinery commenced diesel sales last week.
“They started pumping out diesel to marketers since last week. They also promised to sell aviation fuel soon. Some of my members confirmed this to me after making purchase,” the National President, Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, was quoted to have said.
He said the move by Dangote would lead to a crash in diesel prices, as the commodity rose to a high of about N1,700/litre recently.
“The price of diesel is going to fall because of the release of products from Dangote Refinery. In fact, it is already coming down in Lagos,” Maigandi stated.
A senior management official of the firm confirmed the sale of diesel to marketers, as the source noted that Premium Motor Spirit, popularly called petrol, would soon be released to the market.
The Dangote Refinery has faced a series of hurdles as it strives to release refined products into the market after it was officially inaugurated by former President Muhammadu Buhari in May 2023.(Additional Report by Agency)
