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Dangote Refinery Faces Challenges in Diesel Sales Amid Reduced Local Demand.
The Dangote Refinery is currently facing difficulties in selling approximately 29 tankers of diesel daily, largely due to reduced demand from oil marketers.
The Vice President of Dangote Industries remarked that oil marketers currently acquire just 3% of the products from Dangote Refinery, as they are opting out due to the lower pricing.
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Due to this limited local patronage, the refinery has shifted focus to exporting most of its diesel and aviation fuel. The Vice President emphasized that unless the Nigerian National Petroleum Company Limited (NNPC) and other local oil distributors begin to support the refinery, the majority of its products will continue to be exported.
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“We have been exporting aviation fuel, we have been producing kerosene, we have been producing diesel, but yesterday, we started the production of PMS. So, that was the last stage. The only thing now left out is petrochemicals,” Edwin explained, outlining the refinery’s progress.
The ongoing challenge for Dangote Refinery highlights the need for stronger local support to boost sales and reduce dependency on exports.
