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Dangote Refinery to Begin Nationwide Distribution of PMS, Diesel, for smooth logistics to marketers

Published

5 months ago

June 16, 2025

The Dangote Petroleum Refinery has announced that it will begin distribution of Premium Motor Spirit (PMS) and diesel nationwide.

The statement added that the Refinery has invested in the procurement of 4,000 brand-new Compressed Natural Gas (CNG)-powered tankers to ensure smooth take-off of the scheme, which will continue over an extended timeframe

The statement said, “To ensure the smooth takeoff of the free logistics for marketers and petrol dealers buying from Dangote, the statement further disclosed that the refinery has procured 4,000 brand-new Compressed Natural Gas (CNG)-powered tankers.

“This phase of the programme will continue over an extended timeframe. The refinery is also investing in Compressed Natural Gas (CNG) stations, commonly referred to as daughter booster stations, supported by a fleet of over 100 CNG tankers across the country to ensure seamless product distribution.

This strategic programme is part of our broader commitment to eliminating logistics costs, enhancing energy efficiency, promoting sustainability and supporting Nigeria’s economic development. It affirms our dedication to improving the availability and affordability of fuel, in support of broader efforts to strengthen the economy and improve the well-being of all Nigerians.

“Under this initiative, all petrol stations purchasing PMS and diesel from the Dangote Petroleum Refinery will benefit from this enhanced logistics support. Key sectors such as manufacturing, telecommunications, and others will also gain from this transformative initiative, as reduced fuel costs will contribute to lower production costs, reduced inflation, and foster economic growth. Players in these key sectors and others can purchase directly from the Dangote Petroleum Refinery.

The Dangote Petroleum Refinery has announced that it will begin distribution of Premium Motor Spirit (PMS) and diesel nationwide.

In a statement on Sunday, the company said effective from 15th of August 2025, it will begin the distribution of the products to marketers, petrol dealers, manufacturers, telecoms firms, aviation, and other large users across the country, with free logistics to boost distribution network.

The move, according to the company, was a significant national initiative aimed at transforming Nigeria’s fuel distribution landscape.

“This strategic programme is part of our broader commitment to eliminating logistics costs, enhancing energy efficiency, promoting sustainability and supporting Nigeria’s economic development. It affirms our dedication to improving the availability and affordability of fuel, in support of broader efforts to strengthen the economy and improve the well-being of all Nigerians.

The statement added that the refinery will offer a credit facility to those purchasing a minimum of 500,000 litres, which would allow them to obtain an additional 500,000 litres on credit for two weeks, under bank guarantee.

It described the effort as a milestone in its vision to revolutionise the Nigeria’s energy sector.

“This pioneering effort marks a major milestone in our vision to revolutionise Nigeria’s energy sector. Dangote Refinery is dedicated to ensuring that no place is left behind. Our goal is to provide equitable access to affordable fuel for all Nigerians, regardless of location, making energy more accessible and sustainable for everyone, wherever they may b

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BREAKING: Tinubu declares emergency on security training institutions

Published

8 hours ago

November 4, 2025

NewsThumb Magz

Disturbed by the state of training institutions for the Nigeria Police Force (NPF), Nigeria Security and Civil Defence Corps (NSCDC) and other internal security agencies, President Bola Tinubu has declared emergency on the facilities.

The emergency declaration was revealed by the chairman, National Economic Council (NEC) ad-hoc Committee on the overhaul of security training institutions in Nigeria and Enugu Governor, Peter Mbah, during an on-the-spot assessment of facilities in Lagos.

Mbah, who was accompanied on the visit by his Ogun State counterpart, Prince Dapo Abiodun, Secretary of the Committee and former Inspector General of Police (IGP), Alkali Usman Baba, as well as Assistant Inspector General of Police (AIG) in charge of Special Protection Unit (SPU), Olatunji Disu, said they have a 30-day deadline to submit a comprehensive report to NEC for action.

He said the President gave the mandate at the last NEC which held on October 23, adding that he categorically told the council that the present state of the security training institutions did not align with his dream of growing the economy to one trillion dollar in the next five years, harping on the need for modernisation.

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NDDC Prepares for Agric Summit, Meets Stakeholders, Says MD

Published

5 days ago

October 31, 2025

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The Niger Delta Development Commission, NDDC, is hosting a two-day strategic meeting with commissioners, permanent secretaries, and directors of agriculture, fisheries & livestock in the nine Niger Delta states.

The meeting, which kicks off on Thursday in Port Harcourt, Rivers State, would be addressed by the NDDC Managing Director, Dr Samuel Ogbuku, who is expected to outline his plans for a retreat and agricultural summit for the Niger Delta region in line with President Bola Ahmed Tinubu administration’s agrarian programme.

An invitation extended to the stakeholders by the NDDC Director of Agric and Fisheries, Dr Winifred Madume, stated that the Commission was determined to make the Renewed Hope Agenda of the Federal Government a reality in the Niger Delta region by ensuring food security for the people.

Recall that the NDDC Chief Executive Officer had earlier assured that the Commission would align with the President’s vision for agriculture, to ensure that agriculture served as a platform for peace and security in the Niger Delta region.

Ogbuku promised: “Any time from now, the NDDC will convene a mini-agricultural retreat for state governments and commissioners of agriculture. States in the region have their various areas of strength in agriculture. We aim to establish regional agricultural integration, which will later evolve into a regional agricultural summit where a comprehensive master plan for the region’s agriculture will be developed.”

The Managing Director affirmed that the NDDC was engaging all stakeholders to ensure harmony and cooperation in developing the hitherto neglected Niger Delta region.

Reflecting on the Federal Government’s agricultural policies, Ogbuku stressed the need to bring them home to the Niger Delta region, noting that the NDDC would continue to promote policies and programmes that enhance food security and poverty reduction in the states .

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Update : Tinubu approves 15% import duty on petrol, diesel, aimed to protect local refineries

Published

5 days ago

October 30, 2025

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President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria.

The initiative is aimed at protecting local refineries and stabilising the downstream market, but it is likely to raise pump prices.

In a letter dated October 21, 2025, reported publicly on October 30, 2025, and addressed to the Federal Inland Revenue Service and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Tinubu directed immediate implementation of the tariff as part of what the government described as a “market-responsive import tariff framework.”

The letter, signed by his Private Secretary, Damilotun Aderemi, and obtained by our correspondent on Wednesday, conveyed the President’s approval following a proposal by the Executive Chairman of the FIRS, Zacch Adedeji.

The proposal sought the application of a 15 per cent duty on the cost, insurance and freight value of imported petrol and diesel to align import costs with domestic market realities.

Adedeji, in his memo to the President, explained that the measure was part of ongoing reforms to boost local refining, ensure price stability, and strengthen the naira-based oil economy in line with the administration’s Renewed Hope Agenda for energy security and fiscal sustainability.

“The core objective of this initiative is to operationalise crude transactions in local currency, strengthen local refining capacity, and ensure a stable, affordable supply of petroleum products across Nigeria,” Adedeji stated.

The FIRS boss also warned that the current misalignment between locally refined products and import parity pricing has created instability in the market.

“While domestic refining of petrol has begun to increase and diesel sufficiency has been achieved, price instability persists, partly due to the misalignment between local refiners and marketers,” he wrote.

He noted that import parity pricing- the benchmark for determining pump prices, often falls below cost recovery levels for local producers, particularly during foreign exchange and freight fluctuations, putting pressure on emerging domestic refineries.

Adedeji added that the government’s responsibility was now “twofold, to protect consumers and domestic producers from unfair pricing practices and collusion, while ensuring a level playing field for refiners to recover costs and attract investments.”

He argued that the new tariff framework would discourage duty-free fuel imports from undercutting domestic producers and foster a fair and competitive downstream environment.

According to projections contained in the letter, the 15 per cent import duty could increase the landing cost of petrol by an estimated N99.72 per litre.

“At current CIF levels, this represents an increment of approximately 99.72 per litre, which nudges imported landed costs toward local cost-recovery without choking supply or inflating consumer prices beyond sustainable thresholds. Even with this adjustment, estimated Lagos pump prices would remain in the range of N964.72 per litre ($0.62), still significantly below regional averages such as Senegal ($1.76 per litre), Cote d’Ivoire ($1.52 per litre), and Ghana ($1.37 per litre).”

The policy comes as Nigeria intensifies efforts to reduce dependence on imported petroleum products and ramp up domestic refining.

The 650,000 barrels-per-day Dangote Refinery in Lagos has commenced diesel and aviation fuel production, while modular refineries in Edo, Rivers and Imo states have started small-scale petrol refining.

However, despite these gains, petrol imports still account for up to 67 per cent of national demand.

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