by Ola Kay
It was a mixed feelings of excitement and relief as the Dangote Refinery commenced discharging of diesel (LGO) to oil marketers in the country at reduced cost through land and sea.
The Dangote Refinery had posted trucks laden with products while leaving the facility in Lekki, Lagos State, to various destinations on Monday, April 15, marking a departure from the long experience of imported petroleum products to the country.
Before now, oil marketers in Nigeria had embarked on consultation with the refinery for possible price reduction based to several factors, which include the recent impressive performance of the Naira, the nations currency against the US dollar.
In an open statement supporting the new height gained by the refinery,the company said: “The Dangote Petroleum Refinery in Lekki, Nigeria, has commenced the rollout of diesel via both land and sea, marking a significant development for the country’s fuel supply and energy sector.
“This initiative is expected to improve diesel prices and supply in Nigeria, reducing the nation’s exposure to crude oil prices and increasing arbitrage opportunities.
“Marketers have already begun picking up diesel from the refinery, with various posts and videos showcasing diesel loading onto truck tankers and vessels at the refinery.
“The rollout has been met with optimism and celebration, seen as a positive step for Nigeria’s energy sector, despite initial scepticism.”
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