Owner of Lagos-based refinery Aliko Dangote, has revealed that immediately his company completes all modalities with the Nigerian National Petroleum Company Limited (NNPCL), premium motor spirit (PMS), popularly called petrol will hit the market.
Speaking to Channels on the pricing of petrol produced at his 650,000 barrels per day facility on Tuesday, Dangote said, “Our PMS (Premium Motor Spirit) can be in filling stations within the next 48 hours depending on NNPCL.
“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.”
He made bold that “it’s a celebration day” for Nigerians and assured all citizens that they “are now going to have good petrol while the engines of your vehicles will last longer. You will not be having an engine issue, which a lot of us were having. It won’t happen at all.”
He also noted that “The quality here will match that of anywhere in the world; US, America, we will make sure that nobody will beat us in terms of quality,l.”
Operations at the $20bn facility of the leading industrialist in Africa, sited in Lagos with 350,000 barrels a day commenced last December.
Though initially bogged by regulatory battles, the refinery hopes to achieve its full capacity of 650,000 barrels per day by the end of the year.
The refinery has begun the supply of diesel and aviation fuel to marketers in the country and now petrol.
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