Business News of Wednesday, 14 May 2025
Source: www.legit.ng
The Dangote Petrochemical Refinery has cancelled the maintenance of its 204,000 barrels per day gasoline-producing unit, earlier scheduled for June 2025.
The refinery had earlier planned to shut down the gasoline-making residue fluid catalytic cracking unit for maintenance repairs and upgrades in June.
However, a report from Reuters on Tuesday said the maintenance was no longer necessary, as the refinery had already carried out emergency essential upgrades and repairs between 7th April and 11th May.
Industry monitor, Industrial Info Resources (IIR) Energy reported that the emergency maintenance led to an increase in the export of residual products, including straight-run fuel oul.
During the same period, exports of finished products, such as jet fuel and gas oil, declined, while petrol imports to Nigeria surged by 24%, reaching 210.54 million litres, the PUNCH reports.
However, the refinery has not released an official statement to confirm this update.
Dangote debunks reports of shutting down units for repairs
In an earlier event in April, the refinery debunked reports of shutting down its gasoline-production unit for repairs.
The reports claimed that the production and supply of several products could be impacted by the shutdown.
A senior official at the refinery confirmed to reporters that production and supply had not paused, and products were still being loaded daily.
Dangote refinery’s N10 rebate on petrol to end
Dangote Refinery customers have been notified that the temporary N10 rebate on Premium Motor Spirit (PMS) purchases will end soon.
The customers confirmed that the notice from the company informed them that the rebate will end on Thursday, May 15, 2025.
Dangote Refinery had first announced another price slash to N835 per litre, placing it well ahead of competitors in the price war for market dominance.
In addition, the refinery offered customers a N10 rebate to be received after successfully loading the products. This effectively put the price at N825 per litre, allowing marketers more margin for profit and outpricing the competition.
According to a marketer, this rebate is a way for the refinery to offer competitive pricing and gain more market share without announcing an official change in price.
The refinery has not issued a public statement on the rebate, but the message sent to the customers confirms that the N10 rebate would no longer apply after Thursday, May 15.