Dangote Petroleum Refinery and Petrochemicals, based in Lagos State, has announced a delay in the supply date for Premium Motor Spirit (PMS), commonly known as petrol, from June to mid-July.

 

Aliko Dangote, the President and Chief Executive Officer of the refinery, explained that the postponement is due to a slight delay in operations.

 

However, he assured the public that by the second to the third week of July, petrol would be available in the market.

 

Dangote made these comments during a visit by a Senate delegation led by Senate President Godswill Akpabio to the $20 billion facility in Lagos. He stated, “We had a bit of delay but PMS will start coming out by the 10th or 15th of July, but then we want to keep it in the tank to make it settle.

 

By the third week of July, we will be able to sell it in the market.”

 

Akpabio praised the refinery as the “9th wonder of the world” and commended Africa’s richest man, Aliko Dangote, for the refinery project.

 

The refinery, which started operations last December with a capacity of 350,000 barrels a day, has already begun supplying diesel and aviation fuel to marketers in the country.

 

Oil marketers are optimistic that the petrol price from Dangote Refinery will be significantly lower than the current retail prices of imported refined products, which range from N568 to N700 depending on the region.