The Dangote Petroleum Refinery and Petrochemicals in Lagos State have postponed the supply date for Premium Motor Spirit (PMS), commonly known as petrol, from June to mid-July. Aliko Dangote, the president and CEO of the refinery, attributed the delay to minor setbacks but assured that the premium commodity would be available in the market by the second to third week of July.

Dangote made this announcement during a visit from a Senate delegation led by Senate President Godswill Akpabio, who toured the $20 billion facility in Lagos on Sunday. Dangote stated, "We had a bit of a delay, but PMS will start coming out by the 10th or 15th of July. However, we want to keep it in the tank to allow it to settle. By the third week of July, we will be able to sell it in the market."

Senate President Akpabio praised the refinery, calling it the "9th wonder of the world," and commended Dangote for his efforts on the project. The refinery, which commenced operations last December with a capacity of 350,000 barrels per day, has already begun supplying diesel and aviation fuel to marketers in the country.

Oil marketers are optimistic that the price of petrol from the Dangote refinery will be significantly lower than the current retail prices of imported refined products, which range from N568 to N700 depending on the region.