Delay in PMS Supply: Dangote Refinery Pushes Date to Mid-July

 

Dangote Petroleum Refinery and Petrochemicals, located in Lagos State, has postponed the supply date for Premium Motor Spirit (PMS) from June to mid-July.

 

Aliko Dangote, the President and Chief Executive Officer of the refinery, cited a slight delay but assured the public that the commodity would be available in the market by the second to third week of July.

 

Dangote made these remarks during a visit by a Senate delegation led by Senate President Godswill Akpabio to the $20 billion facility in Lagos on Sunday.

 

Akpabio praised the refinery, calling it the “9th wonder of the world,” and commended Aliko Dangote for the project.

 

The refinery, owned by the billionaire businessman, began operations last December with a capacity of 350,000 barrels a day. It has already started supplying diesel and aviation fuel to marketers in the country.

 

Oil marketers are hopeful that the petrol prices from the Dangote Refinery will be significantly lower than the current retail prices of imported refined products, which range from N568 to N700 depending on the region.