The Nigerian National Petroleum Corporation (NNPC) has successfully lifted its first batch of Premium Motor Spirit (PMS), commonly known as petrol, from the Dangote Refinery, marking a significant stride toward reducing Nigeria’s dependence on imported fuel.
This milestone represents a crucial step in bolstering local refining capabilities and ensuring energy security for the country.
The Dangote Refinery, Africa’s largest, began producing PMS earlier this year, and NNPC’s recent move signals the start of a much-anticipated collaboration between the national oil company and the privately-owned refinery.
This partnership is expected to substantially lower Nigeria’s fuel import costs.
Sources within NNPC confirm that the fuel lift is part of a larger agreement with Dangote Industries Limited, allowing the national oil company to secure a considerable portion of the refinery’s output.
This initiative is intended to meet Nigeria’s fuel demand while also stabilizing prices in response to global market volatility.
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