The Dangote Petroleum Refinery has made a significant move to ensure the supply of affordable Premium Motor Spirit (PMS) in Nigeria.
Heyden Petroleum and Ardova Plc have joined forces with the refinery to achieve this goal, thanks to President Bola Tinubu’s crude-for-naira swap initiative .
IPMAN, Dangote Refinery Seal Deal to Ensure Steady Fuel Supply
This strategic partnership aims to provide a steady supply of petroleum products at affordable prices, stabilizing the nation’s fuel market and enhancing energy security for consumers.
The agreement is expected to enable both Ardova and Heyden to secure a reliable and consistent supply of petroleum products from the world’s largest single-train refinery.
Dangote Refinery Debunks Claims of Overpriced PMS
MRS Oil Nigeria Plc had previously entered into a similar agreement with Dangote Refinery, resulting in a significant price reduction to N935 per litre across all its stations nationwide .
This move addressed the long-standing issue of price disparities between states and even led to a surge in MRS Oil’s stock.
IPMAN, Dangote Refinery Seal Deal to Ensure Steady Fuel Supply
The partnership between Dangote Refinery, Heyden Petroleum, and Ardova Plc is poised to have a transformative impact on Nigeria’s oil and gas market.
By ensuring a stable and affordable supply of fuel products, the agreement will help alleviate the recurring issue of fuel scarcity that has long plagued Nigeria