Business

Dangote Refinery begins PMS production amidst fuel scarcity

In a notable development amid the ongoing fuel scarcity in the country, Dangote Refinery has commenced the production of Premium Motor Spirit (PMS).

This comes as a critical response to the country’s persistent fuel supply challenges, which have led to long queues at filling stations and price hikes in the black market.

The announcement was made by the President of the Dangote Group, Aliko Dangote, on Tuesday where he mentioned that the product and the refinery would change the entire dynamics of not only the country but sub-Saharan Africa.

He stressed that the capacity of the product will meet Nigeria’s demand, and it will also meet the demand of sub-Saharan Africa at least.

Showing a sample of the product, Dangote mentioned that the different colour from the usual one seen implies that the product is the real product.

“This is the sample of the petrol, you see it like a different color but that’s the real one, so you are now going to have good petrol where the engines of your vehicles will last longer as you will not be having an engine issue, which a lot of us were having, It won’t happen at all,” he said.

The business mogul added that the quality of the product matches the quality of the product anywhere in the world, and assured that the refinery would ensure no one beat the country in terms of quality.

The commencement of PMS production at Dangote Refinery is expected to significantly impact the fuel supply chain, potentially alleviating some of the current shortages as the capacity aims to stabilise the market and provide a more reliable source of PMS, thereby addressing the supply issues that have been affecting consumers across the country.

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