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Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsDangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability (14596 Views)

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Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by AnonPoet(op): 6:13pm On Jan 26
Again, Dangote Refinery Shuts Down
*Refinery Faces Storm Over Petrol Supply Reliability*

Dangote Petroleum Refinery and Petrochemicals FZE has suspended petrol sales and voided prior Premium Motor Spirit (PMS) supply agreements ; an abrupt move that raises fresh questions about the facility’s ability to deliver consistent volumes to the market.

In a notice sighted by Petroleumprice.ng and circulated to counterparties on Monday, the refinery told customers that all existing PMS deal recaps are now invalid.
Industry sources believe the disruption may be tied to ongoing maintenance on key processing units, underscoring lingering operational risks that could affect reliability and supply planning.”

Dangote Petroleum Refinery and Petrochemicals FZE has suspended petrol sales, nullifying all active Premium Motor Spirit (PMS) deal recaps with customers, as rising demand coincides with ongoing maintenance on key processing units at the facility.

In a notice sighted by Petroleumprice.ng and circulated to counterparties on Monday, the refinery informed customers that all existing PMS deal recaps are now invalid. The communication, signed by its Group Commercial Operations team, did not provide a timeline for replacement terms or revised delivery schedules.

Deal recaps typically confirm commercial parameters such as volumes, pricing benchmarks, delivery windows, and payment conditions. Their cancellation effectively pauses previously agreed gasoline supply commitments and signals a temporary reset of trading arrangements.

Market sources link the move to a combination of heightened demand pressures and operational adjustments underway at the Lekki-based refinery, Africa’s largest with a nameplate capacity of 650,000 barrels per day.

CDU Maintenance and Throughput Adjustment
At the operational level, Dangote Refinery is preparing a short, planned shutdown of its crude distillation unit (CDU), the primary unit that processes crude oil into feedstocks for downstream conversion units.

Shipping and flow data indicate that crude inflows to the refinery have slowed in January, averaging about 290,000 barrels per day, down from roughly 440,000 barrels per day in December. With reduced feedstock availability, operating the CDU at suboptimal rates would undermine efficiency, prompting the refinery to align throughput with available crude during the maintenance window.

Industry sources describe the CDU outage as temporary and strategic, aimed at operational optimisation rather than signalling deeper supply stress. The refinery continues to fine-tune unit coordination as it transitions from ramp-up to more stable operations.

Gasoline Strategy Under Pressure
The suspension of the PMS deal recaps also comes against the backdrop of ongoing work on the refinery’s residue fluid catalytic cracker (RFCC), its main gasoline-producing unit. While the RFCC remains offline for planned maintenance, Dangote has relied on blending components from other units to sustain output.

and for locally refined petrol rising and operational flexibility constrained, market participants say the refinery may be prioritising inventory management and internal balancing over fixed commercial commitments.
https://blog.petroleumprice.ng/breaking-dangote-refinery-suspends-petrol-sales/

Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by BarrElChapo(m): 6:23pm On Jan 26
Holiday is over, na who no know dangote's antics dey jump up when he reduces fuel price.
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by NOETHNICITY(m): 6:26pm On Jan 26
I don’t trust this news until I hear directly from Dangote
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by kaludestiny10(m): 6:28pm On Jan 26
This is a bad news for we the costumers. The marketers will definitely take full advantage of this situation and increase their pump price.
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by NewHe: 6:28pm On Jan 26
Likely to be unreliable news. Dangote would have published the notice in the dailies!
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by Whois(m): 6:28pm On Jan 26
Christmas is over.

The more you see the less you know
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by phemmie06(m): 6:28pm On Jan 26
Waiting patiently for press report
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by notobiafrababe(f): 6:28pm On Jan 26
That was how it was reported the last time only to find out it was fake. I don't trust these nnpcl people
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by Dijita: 6:29pm On Jan 26
believe breaking news from blogger at your own peril
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by iWasNotHere(m): 6:29pm On Jan 26
Dangote that couldn’t reduce cement price is being celebrated for oil.

Very corrupt monopolist
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by heniford2: 6:32pm On Jan 26
As a Nigerian do not panic wen u see some of this stuff 😭😭
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by tosyne2much(m): 6:32pm On Jan 26
If you believe this news, you can believe anything
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by Willy2025: 6:34pm On Jan 26
Shall we just be waiting for 1k per litre grin? Trust Dangote at your risk
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by Lanre4uonly(m): 6:37pm On Jan 26
I do hope Dangote would debunk this news.
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by CaptainFM1: 6:38pm On Jan 26
BarrElChapo:
Holiday is over, na who no know dangote's antics dey jump up when he reduces fuel price.
We still need more competitors. Antics or no antics, we are at his mercy unless more players enter the market.
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by BarrElChapo(m): 6:43pm On Jan 26
CaptainFM1:
We still need more competitors. Antics or no antics, we are at his mercy unless more players enter the market.
I agree with you completely
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by Kastonkastroll(m): 6:51pm On Jan 26
Thats why I will forever support importation of pms because of issues like this. I will only support total stoppage of importation of pms if we have 3 to 4 working refineries like that of dangote..

Is economic suicide to depend on one person for our pms needs. Like a country of about 250million people will all be at the mercy of dangote refinery. Doesn't make any sense.

Anyway whatever issue is facing the refinery, I hope is resolved very soon so that the refinery can get back to work!
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by Basicend: 6:53pm On Jan 26
CaptainFM1:
We still need more competitors. Antics or no antics, we are at his mercy unless more players enter the market.
Sure. One single plant cannot service a whole country.

Even US and Canada with their enormous oil reserves and several functioning refineries still import PMS a lot.
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by Kastonkastroll(m): 6:53pm On Jan 26
NOETHNICITY:
I don’t trust this news until I hear directly from Dangote
I heard this thing like 2days ago. Some filling stations in Lagos are already increasing their pump price.

Though I think everything will be resolve this week
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by Gotocourt: 6:56pm On Jan 26
Tinubu is doing backyard subsidy and it's obvious Dangote is not yet paid angry
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by lordkay10(m): 7:03pm On Jan 26
When we said petroleum importation shouldn’t stop to safeguard the nation’s energy independence, many people saw it as nonsensical.
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by DMCY: 7:04pm On Jan 26
Another brouhaha loading
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by Freshandfitpod: 7:05pm On Jan 26
The selfish capitalism in Dangote is coming out gradually
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by femi4: 7:14pm On Jan 26
The true Dangote is about to unleash the dragon
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by Dotherightthing: 7:33pm On Jan 26
I am sure this is a sponsored post

Shame on NL for bringing this fake news to frontpage
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by Dotherightthing: 7:34pm On Jan 26
If this news is fake the OP deserves to either be beehheaaddeddd or loaded with hot lead in the head. sad
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by Raregem9000(m): 7:41pm On Jan 26
Make una expect increase in pump price if this news is true.
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by Lekby25: 7:41pm On Jan 26
tosyne2much:
If you believe this news, you can believe anything
Why is the news coinciding with the day the President is out of the country. I hope this is not a sabotage
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by NOETHNICITY(m): 7:44pm On Jan 26
Kastonkastroll:
I heard this thing like 2days ago. Some filling stations in Lagos are already increasing their pump price.

Though I think everything will be resolve this week
In my own area of Lagos, they are reducing price lower than 739. And I’m in Ibadan right now and they are selling for 730. I saw this 5mins ago
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by bikefab(m): 7:44pm On Jan 26
Dangote will soon hold the Nation by the jugular with respect to fuel supply
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by treatise: 7:47pm On Jan 26
AnonPoet:
Again, Dangote Refinery Shuts Down
*Refinery Faces Storm Over Petrol Supply Reliability*

Dangote Petroleum Refinery and Petrochemicals FZE has suspended petrol sales and voided prior Premium Motor Spirit (PMS) supply agreements ; an abrupt move that raises fresh questions about the facility’s ability to deliver consistent volumes to the market.

In a notice sighted by Petroleumprice.ng and circulated to counterparties on Monday, the refinery told customers that all existing PMS deal recaps are now invalid.
Industry sources believe the disruption may be tied to ongoing maintenance on key processing units, underscoring lingering operational risks that could affect reliability and supply planning.”


https://blog.petroleumprice.ng/breaking-dangote-refinery-suspends-petrol-sales/
Fake news. You're maintaining and sane time declared prior contracts invalid?
Re: Dangote Suspends Petrol Sales, Faces Storm Over Petrol Supply Reliability by free2ryhme: 7:49pm On Jan 26
AnonPoet:
Again, Dangote Refinery Shuts Down
*Refinery Faces Storm Over Petrol Supply Reliability*

Dangote Petroleum Refinery and Petrochemicals FZE has suspended petrol sales and voided prior Premium Motor Spirit (PMS) supply agreements ; an abrupt move that raises fresh questions about the facility’s ability to deliver consistent volumes to the market.

In a notice sighted by Petroleumprice.ng and circulated to counterparties on Monday, the refinery told customers that all existing PMS deal recaps are now invalid.
Industry sources believe the disruption may be tied to ongoing maintenance on key processing units, underscoring lingering operational risks that could affect reliability and supply planning.”


https://blog.petroleumprice.ng/breaking-dangote-refinery-suspends-petrol-sales/
kangaroo news

story makes no sense
1 2 Reply

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