The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has recently expressed strong support for the Dangote Refinery, referring to it as a critical asset for the nation amid rising global crude oil prices. As tensions escalate in the Middle East, the refinery is viewed as essential for providing a stable supply of petrol, which would significantly impact the Nigerian market. Billy Gillis-Harry, President of PETROAN, highlighted the importance of the refinery, stating that without it, Nigeria would be in a precarious situation due to current global events affecting oil supply.

According to Gillis-Harry, local marketers are currently relying entirely on the Dangote Refinery for their petrol supply, marking a significant shift in Nigeria's fuel sourcing dynamics. This dependency is underscored by the challenges posed by external market fluctuations and supply chain issues, which have been compounded by the geopolitical crises. He emphasized the necessity for collaboration among stakeholders to maximize the benefits of the refinery, indicating that its operational capacity could greatly alleviate fuel supply concerns within Nigeria.

The establishment of the Dangote Refinery represents a monumental investment in Nigeria's energy infrastructure. In light of rising crude prices and the associated economic pressures, the refinery's capacity to fully meet domestic demands for petrol could bolster Nigeria's economic stability and reduce reliance on imported fuel. This development not only highlights the refinery's role in enhancing energy security but also reflects broader implications for Nigeria's position in the global oil market during times of uncertainty.