15% imported petroleum tax: Dangote Refinery promises to live up to expectation, promises steady supply

The Dangote Petroleum Refinery has defended the government’s new tariff policy, describing it as a necessary measure to shield local industries from unfair foreign competition and product dumping.

The Group Chief Branding and Communications Officer of Dangote Industries Limited, Anthony Chiejina, said in a statement that the refinery currently dispenses over 45 million litres of petrol and 25 million litres of diesel daily.

He stated, “Our production capacity surpasses national demand.

“We are collaborating with regulators and distributors to ensure efficient delivery across the country. Dangote remains committed to powering Nigeria.”

He noted that increased domestic refining has helped stabilise the naira by reducing foreign exchange outflows and supporting local currency inflows.

He said importation of fuel defeats job creation.

“Dumping destroys jobs and discourages industrial growth,” he warned, urging stricter enforcement to stop the importation of substandard petroleum products that threaten public safety and local producers.

Chiejina also commended President Bola Tinubu for endorsing the tariff regime, calling it a “bold and visionary step” toward energy independence and economic renewal.

He cautioned that without such protection, cheap petroleum imports from Asia and Europe could cripple domestic refineries and derail ongoing reforms.

Equipped with cutting-edge technology, the Dangote Refinery aims to eliminate Nigeria’s reliance on imported fuels and maintain price stability.

The President of Dangote Industries Limited, Aliko Dangote, assured all that fuel prices would remain steady during the Christmas and New Year celebrations.

He pledged a steady supply of petrol and diesel nationwide during the upcoming festive period, as its daily output now exceeds Nigeria’s consumption capacity.

“Nigerians can expect a festive season without fuel queues,” he said.

Since commencing petrol production in September 2024, the refinery has been instrumental in lowering fuel prices.

Petrol, which sold for about N1,030 per litre a year ago, now averages N841–N851, while diesel has dropped from N1,700 to roughly N1,020 per litre.