Private depots deserted as Dangote Refinery begins direct fuel supplies

By Udeme Akpan, Energy Editor

Private depots successful Lagos and environs were deserted yesterday, arsenic the Dangote Petroleum Refinery rolls retired its nonstop petrol supplies.

Checks by Vanguard indicated that backstage depots were deserted due to the fact that the operators expected to payment from the nonstop supplies.

A root that pleaded to beryllium anonymous said: “The Dangote Petroleum Refinery has commenced nonstop supplies to marketers. This is chiefly wherefore the depots person recorded skeletal operations.”

Similarly, the Chief Executive Officer of Petroleumprice.ng, Olatide Jeremiah, said: “The downstream petroleum assemblage is presently destabilized arsenic the caller marketplace person (Dangote) is calling the shots. The 1, 000 trucks rotation retired connected Monday person heightened tensions among depot owners and retailers causing a crisp diminution successful purchases.

“For the archetypal time, planetary lipid prices are rising and depot prices are dropping, that is the powerfulness of section marketplace forces engineered by Dangote Refinery. By and large, this gyration volition thrust the manufacture to clasp champion practices and thrust prices astatine the pump.”

Meanwhile, speaking astatine a league to people the archetypal day of the motorboat of petrol from the 650,000 barrels-per-day refinery, Monday, the President/Chief Executive, Dangote Petroleum Refinery, Aliko Dangote, said the refinery has impacted Nigeria’s vigor security.

Dangote highlighted that Nigerians person endured persistent substance queues since 1975. However, this contented has been steadily resolved since the refinery began rolling retired petrol connected September 15, 2024.

“We person been battling substance queues since 1975, but contiguous Nigerians are witnessing a caller era,” helium said.

Acknowledging the galore challenges the refinery has faced since its inception, Dangote emphasised the company’s unwavering committedness to Nigeria and Africa.

“The travel has been challenging due to the fact that we sought to alteration the downstream assemblage successful Nigeria. Some believed we were taking nutrient from their tables, which simply isn’t true. What we person done is to marque our state and continent proud. Previously, lone 2 African countries were not importing petrol, but regrettably, they person since resumed imports. This is detrimental to Africa,” helium added.

Reflecting connected the challenges faced during the refinery’s development, Dangote disclosed that the task progressive tremendous risk. He received repeated warnings from manufacture experts, investors, section and overseas authorities officials, who argued that lone sovereign nations undertook specified large-scale refinery ventures. He admitted that had the task failed, helium would person mislaid each his assets to lenders. “The determination to physique the refinery was not easy. If it had gone wrong, lenders would person taken our assets. But we believed successful Nigeria and Africa,” helium said.

The station Private depots deserted arsenic Dangote Refinery begins nonstop substance supplies appeared archetypal connected Vanguard News.