President of the Dangote Group, Aliko Dangote has revealed that petrol produced from his 650,000 barrels per day facility will hit the filling stations in the next 48 hours as modalities with the Nigerian National Petroleum Company Limited (NNPCL) are formalised.
Dangote said this on Tuesday during a press briefing announcing the formal production of petrol at the Refinery.
“Our PMS (Premium Motor Spirit) can be in filling stations within the next 48 hours depending on NNPCL,” he said.
Asked to speak on the pricing of petrol from his refinery, Dangote said, “It is an arrangement which is designed and approved by the Federal Executive Council led by His Excellency, President Bola Ahmed Tinubu.
“As soon as it is finalised, which he (Tinubu) is pushing, once we finish with NNPC, it can be today, it can be tomorrow, we are ready to roll into the market.”
Last December, Dangote, Africa’s leading industrialist, commenced operations at his $20bn facility sited in Lagos with 350,000 barrels a day.
REPORTERS AT LARGE earlier reported Dangote explaining why the first sample of petrol from his refinery appeared clearer than the petrol currently in circulation.
Speaking during a broadcast at his refinery located in the Ibeju-Lekki area of Lagos State, Dangote highlighted that the clearer petrol is more environmentally friendly and could help reduce health issues associated with polluted petroleum products.
He noted that this new petrol would also protect engines from damage caused by the unclear petrol that is typically found in the market.
