Dangote Refinery unveils plan to save Nigerians N1.7tn Annually with Direct Fuel Distribution

Keep up with the latest news and be part of our weekly giveaways and airtime sharing; follow our WhatsApp channel for more updates. Click to Follow us

The Dangote Petroleum Refinery has announced plans to absorb over N1.07tn annually in fuel distribution costs by directly supplying fuel to marketers nationwide. The refinery has invested N720bn in deploying 4,000 Compressed Natural Gas-powered trucks to implement the initiative.

For further information, read more details here

“This bold step will see the privately-owned refinery absorb over N1.07tn annually in fuel distribution costs,” the company stated. “The initiative is also poised to significantly benefit over 42 million Micro, Small and Medium Enterprises by reducing energy costs and enhancing profitability.

The direct distribution plan aims to eliminate transportation costs for fuel marketers and large-scale consumers, potentially reducing pump prices and inflation. Starting August 15, Dangote will begin delivering petrol and diesel directly to filling stations, industrial facilities, and other high-volume consumers.

The company’s initiative is expected to have a significant impact on the economy, including reducing production costs, easing inflationary pressures, and stimulating economic growth. “The initiative is also expected to resuscitate dormant filling stations, fostering job creation in the process,” the statement added.

The refinery’s investment in CNG-powered trucks and infrastructure is part of its broader commitment to eliminating logistics bottlenecks, enhancing energy efficiency, and promoting environmental sustainability. The programme is projected to create over 15,000 direct jobs across the logistics chain.

Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it. 
Drop your comment in the section below, and don’t forget to share the post