FUEL SCARCITY KNOCKOUT: Dangote Refinery Delivers Crushing Blow to Petrol Shortage!

In a monumental move, the Federal Government has brokered a deal with Dangote Refinery to the commencement of petrol supply, effectively ending the crippling fuel scarcity that has plagued Nigeria. This breakthrough comes after intense negotiations between both parties, culminating in a mutually beneficial agreement.

Zacch Adedeji, Chairman of the Federal Inland Revenue Service and member of the Presidential Committee on the Sale of Crude Oil and Refined Products, declared that “the wait is over” as the Dangote Refinery prepares to unleash a torrent of petrol into the market, starting September 15.

In a masterstroke, NNPC Limited will supply a whopping 385,000 barrels of crude oil to the Dangote Refinery from October 1, 2024. In return, the refinery will flood the domestic market with petrol and diesel, payable in Naira, thereby liberalizing the fuel supply chain.

Adedeji emphasized that this groundbreaking agreement will extinguish the petrol scarcity fire, while enabling the government to sustain subsidy payments.

He added that diesel will be sold in Naira by the Dangote Refinery to any interested buyer, while PMS will be exclusively sold to NNPC, which will then distribute to marketers.

This agreement marks a significant turning point in Nigeria’s fuel supply saga, promising to bring relief to the masses and revitalize the economy. The nation eagerly awaits the commencement of this supply to end the fuel crisis.