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Dangote Refinery Shifts Supply Of PMS To July

Dangote Petroleum Refinery and Petrochemicals in Lagos State has moved the supply date for Premium Motor Spirit (PMS) also known as petrol from June to mid-July.

Gatekeepers News reports that the President and Chief Executive Officer (CEO) of the refinery, Aliko Dangote said the postponement was due to a slight delay.

Dangote revealed this when he received a Senate delegation led by Senate President Godswill Akpabio, on a tour of the $20 billion facility in Lagos on Sunday.

He however assured the public that by the second to third week of July, the premium commodity would be in the market.

Dangote said, “We had a bit of delay but PMS will start coming out by the 10th, 15th of July but then we want to keep in the tank to make it to settles. By third week of July, we will be able to sell it in the market.”

Speaking, Akpabio referred to the refinery as the 9th wonder of the world, and commended Africa’s richest man for the refinery project.

The refinery sited in Lagos and owned by the billionaire businessman commenced operations in December 2013 with 350,000 barrels a day. It has started supplying diesel and aviation fuel to marketers in the country.

Oil marketers are hopeful that Dangote Refinery’s price of fuel would significantly be lower than the current retail prices of the imported refined product which range from N568 to N700 depending on their geographical location.

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