Dangote Refinery begins supply of diesel, aviation fuel to oil marketers in Nigeria

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Dangote Oil Refinery has begun supplying the Nigerian domestic market with petroleum products. The petrol products are diesel and aviation jet fuel, sources revealed to Reuters on Tuesday. Abubakar Maigandi, the head of the Independent Petroleum Marketers Association of Nigeria, said that local oil marketers set the price at N1,225 ($0.

Dangote Oil Refinery has begun supplying the Nigerian domestic market with petroleum products. The petrol products are diesel and aviation jet fuel, sources revealed to Reuters on Tuesday. Abubakar Maigandi, the head of the Independent Petroleum Marketers Association of Nigeria, said that local oil marketers set the price at N1,225 per litre for diesel after securing a bulk purchase agreement, before adding their markup.

When we have our letters of credit, we will begin lifting products,” Femi Adewole, the association’s executive secretary, said. An executive from the company and various fuel marketing organisations told Reuters that oil marketers load diesel from the refinery, an important step in Nigeria’s drive for energy independence. In addition, Devakumar Edwin, a group executive at Dangote, confirmed that the company has begun distributing diesel and jet fuel to the local market.

 

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