Dangote Refinery Backs Gantry Loading, Cautions In opposition to Expensive Coastal Evacuation

Dangote Petroleum Refinery has reaffirmed its dedication to supplying top quality petroleum merchandise at aggressive and reasonably priced costs, urging entrepreneurs and policymakers to prioritise logistics decisions that assist value stability and client welfare.

The refinery mentioned its place is anchored on sustained investments in essential infrastructure, together with a world class gantry facility with 91 loading bays able to loading as much as 2,900 tankers day by day. Working on a 24-hour foundation, the ability can evacuate over 50 million litres of Premium Motor Spirit PMS, 14 million litres of Automotive Fuel Oil (diesel) and different refined merchandise every day.

Whereas the refinery stays open to coastal loading the place logistics make it obligatory, it maintained that gantry loading stays probably the most economically environment friendly and operationally efficient choice. Based on the refinery, direct gantry evacuation eliminates port prices, maritime levies and vessel associated prices that don’t add worth to finish customers, serving to to optimise prices, enhance distribution effectivity and assist value stability.

Dangote Refinery clarified that entrepreneurs are free to decide on their most well-liked mode of evacuation, noting that PMS and different refined merchandise are made obtainable at aggressive gantry costs.  “Nevertheless, reliance on coastal supply, notably inside Lagos, might introduce avoidable prices with materials implications for gas pricing, client welfare and general financial wellbeing. In our opinion, coastal logistics can add roughly N75 per litre to the price of petrol, which, if handed on to shoppers, would push the pump value of PMS near N1,000 per litre”.

Primarily based on Nigeria’s common day by day consumption of about 50 million litres of PMS and 14 million litres of diesel, the refinery estimated that sustained dependence on coastal logistics may impose a further annual value of roughly N1.752 trillion. This value, it mentioned, would finally be borne both by producers or Nigerian shoppers.

The refinery additionally renewed requires coordinated funding in pipeline infrastructure nationwide, arguing that purposeful pipelines linking refineries to depots would considerably reduce distribution prices, enhance provide reliability and strengthen nationwide vitality safety.

Addressing claims that it imports completed petroleum merchandise, Dangote Refinery strongly refuted the allegations, describing them as deceptive. It defined that whereas its Residue Fluid Catalytic Cracking Unit is presently present process upkeep, it solely imports intermediate feedstock consistent with world business apply. The refinery challenged anybody with credible proof of completed product importation to current it to the suitable regulatory authorities, including that such claims are sometimes pushed by pursuits in search of to justify continued dependence on gas imports.

Dangote Refinery mentioned home refining has already delivered measurable advantages to the Nigerian economic system. Since graduation of operations, the worth of diesel has fallen from about N1,700 per litre to N1,100 and presently trades between N980 and N990. Equally, PMS costs have declined from about N1,250 per litre to between N839 and N900.

It added that elevated native provide has sharply lowered gas importation, eased international alternate pressures and improved market stability, contributing to a stronger naira, which lately traded at about N1,385 to the greenback.

The refinery reiterated its dedication to effectivity, transparency and value stability in Nigeria’s downstream petroleum sector, urging entrepreneurs, regulators and policymakers to assist logistics and distribution selections that align with nationwide financial pursuits, shield shoppers and maintain the long-term advantages of home