Dangote Petroleum Refinery Plc has assured Nigerians that the era of Premium Motor Spirit (PMS) or petrol scarcity is over, declaring that the country has now entered a “new phase of abundance” with steady and increasing supply from the world’s largest single-train refinery.
In a statement issued on Tuesday, January 14, 2026, the company said full operational capacity has been achieved, with daily production of petrol now exceeding 30 million litres, sufficient to meet domestic demand and even support exports in the near future.
“Dangote Refinery is now operating at optimal levels, and Nigerians can be rest assured that the days of long queues, artificial scarcity, and panic buying are behind us,” the statement read.
The refinery, which began petrol production in late 2024, has progressively ramped up output, overcoming initial challenges such as crude supply constraints and logistical issues. Recent agreements with international crude suppliers, coupled with improved domestic crude allocation from the Nigerian National Petroleum Company Limited (NNPCL), have stabilised feedstock.
Key highlights from the announcement:
Daily petrol output now consistently above 30 million litres, with plans to reach 50 million litres per day within the next quarter.
PMS prices expected to remain stable or trend downward as economies of scale take full effect.
The refinery has commenced direct supply to major marketers, depots, and retail outlets nationwide, bypassing middlemen and reducing distribution bottlenecks.
Export readiness: Dangote is positioned to become a net exporter of refined products, earning foreign exchange for Nigeria.
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Group President Aliko Dangote reaffirmed the company’s commitment: “We promised Nigerians a reliable, locally refined product. Today, we are delivering on that promise. Scarcity is history; abundance is the new reality.”
Industry analysts welcomed the development, noting that the refinery’s full capacity could save Nigeria billions of dollars in annual fuel import bills and help stabilise the naira.
Motorists and marketers have already begun reporting improved availability at filling stations across Lagos, Abuja, Port Harcourt, and other major cities in recent weeks.
This milestone marks a significant step toward energy self-sufficiency for Africa’s largest economy.
By Ogungbayi Beedee Adeyemi
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