The Dangote Petroleum Refinery has announced the addition of several oil marketing companies to its distribution network.
In a statement on Tuesday, it listed TotalEnergies, Garima Petroleum, and Sunbeth Energies as new partners.
Also included are Sobaz Nigeria Ltd, Virgin Forest Energy, Sixxco Oil Ltd, NU Synergy Ltd, and Soroman Nigeria Ltd.
The development comes ahead of the refinery’s plan to begin nationwide fuel distribution next month.
“Others on the growing list are Jezco Oil Nigeria Ltd., Jengre, Cocean, Kifayat, Triumph Golden, Sifem Global, Riquest, and Mamu Oil, among others,” the refinery added.
On July 1, the Dangote Refinery reduced its ex-depot price of petrol to N840 per litre.
The refinery said its existing partners — MRS, Heyden, Ardova (AP), Hyde, Optima, and Techno Oil — are expected to reflect the new price at their retail outlets.
“The Dangote Refinery, the largest single-train refinery in the world, continues to expand its domestic fuel distribution footprint, offering competitive pricing and improving access to refined products across Nigeria,” the statement reads.
“The refinery, recently announced that it has invested over N720 billion to implement its initiative of deploying 4,000 Compressed Natural Gas-powered trucks for the nationwide distribution of petroleum products, saying it is expected to save Nigerians over N1.7 trillion annually.”
The company said the investment would significantly impact over 42 million micro, small, and medium enterprises by reducing energy costs and improving profitability.
It added that the initiative would eliminate transportation expenses for fuel marketers and large-scale consumers, helping to lower pump prices and curb inflation