Dangote Refinery Denies Shutdown Report, Insists Petrol Price Remains ₦699 Per Litre

The Dangote Petroleum Refinery has dismissed reports circulating online claiming that the facility is shutting down for maintenance, describing the information as false, misleading and deliberately crafted to cause panic in the downstream petroleum market.

It was reported that the refinery, in a statement issued on Monday, January 5, clarified that its operations remain stable, ongoing and uninterrupted, adding that it continues to produce and supply Premium Motor Spirit to meet domestic demand.

According to the refinery, it currently has the capacity to supply between 40 million and 50 million litres of PMS daily through January and February, depending solely on market demand.

“Dangote Petroleum Refinery continues to operate at scale and retains the capacity to supply between 40 million and 50 million litres of Premium Motor Spirit daily through January and February, subject solely to market demand,” the statement read.

The company disclosed that on January 4, it produced 50 million litres of PMS and evacuated 48 million litres through its gantry, noting that existing stock levels are sufficient to cover over 20 days of national consumption.

“This effectively dispels any concerns about supply,” the refinery stated.

Addressing the issue of maintenance, the refinery explained that routine servicing on certain units, including the Crude Distillation Unit and the Residual Fluid Catalytic Cracking unit, does not disrupt overall production due to the integrated and advanced design of the facility.

It added that other key units, such as the Naphtha Hydrotreater, CCR Reformer and Hydrocracker, remain fully operational, producing PMS, Automotive Gas Oil (Diesel) and Jet A-1.

The refinery further reaffirmed its consistent supply of petrol to the domestic market, stating that from December 16, 2025, to date, it has loaded between 31 million and 48 million litres of PMS daily, in line with prevailing market demand.

“These volumes are fully verifiable against depot loading records maintained by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in the normal course of its regulatory responsibilities,” the statement added.

₦699 Per Litre Price Remains

Dangote Refinery also reiterated that its ex-gantry price of ₦699 per litre for PMS remains unchanged and is available to all marketers and bulk buyers.

The company urged filling stations, large-scale consumers and institutional buyers to prioritise locally refined petroleum products, stressing that they are more affordable, reliable and of higher quality than imported alternatives.

“By sourcing PMS locally at ₦699 per litre, marketers are better positioned to pass on price relief to consumers, enhance market stability, conserve foreign exchange and support Nigeria’s broader economic recovery and energy security objectives,” it said.

The refinery accused fuel importers of promoting false narratives to justify recent increases in petrol pump prices, warning that such actions undermine national interest and impose unnecessary hardship on Nigerians.

According to the refinery, without domestic refining capacity, petrol prices could rise to as much as ₦1,400 per litre in a post-subsidy era.

“Recent price movements further highlight an uncomfortable reality. In the absence of the Dangote Petroleum Refinery, fuel importers would continue to operate without restraint, with petrol prices potentially escalating to levels estimated at up to ₦1,400 per litre in a post-subsidy environment,” the statement said.

It added that the refinery has become a stabilising force in Nigeria’s downstream petroleum market.

Reaffirming its commitment to national energy security and economic stability, the refinery said it would continue to supply high-quality petroleum products while ensuring steady availability across the country.

It urged stakeholders and the public to disregard misinformation and rely only on verified sources.

“Dangote Petroleum Refinery will continue to act in the national interest by supplying high-quality, locally refined petroleum products while supporting Nigeria’s economic stability, energy independence and industrial growth,” the statement concluded.