Dangote PMS Will Hit Market Next Month– Report
Dangote Refinery is set to provide Premium Motor Spirit (PMS) commonly referred to as gas to online marketers next month, May 2024, according to sources knowledgeable about the matter.
The refinery started circulation of diesel and air travel jet fuel to domestic online marketers at 1,225/ ltr, an advancement that may lower the list price of both items in the coming months.
According to Bloomberg report, the brand-new mega-refinery will start supply of PMS in the domestic market in May, substantially decreasing Nigeria’s reliance on imported petroleum items.
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The refinery, which started its operations in January, made its very first export last month, delivering 65,000 metric lots of low-sulfur straight run fuel oil and roughly 60,000 lots of naphtha.
The center is running at a preliminary processing rate of 350,000 barrels each day, with strategies to increase towards its optimum capability.
According to Abubakar Maigandi, the leader of a market company, online marketers have actually begun transferring diesel from the refinery and will pay in naira.
“We are still settling the information of the volumes that we are going to draw from Dangote as an association and we likewise have not settled on the cost,” he stated.