Dangote Petroleum Refinery & Petrochemicals has pledged to maintain stable petrol prices for Nigerian consumers despite the recent surge in global crude oil prices.

The company announced that it has consistently reduced the cost of Premium Motor Spirit (PMS), commonly known as petrol, to ease the financial burden on Nigerians.

In a statement released by Anthony Chiejina, the Group Chief Branding and Communications Officer, Dangote emphasized its commitment to supporting Nigeria’s economy by ensuring price stability for petroleum products.

The refinery attributed its ability to keep prices affordable to its operational efficiency and alignment with the Federal Government’s “Nigeria First” policy, which encourages the prioritization of locally produced goods and services.

“Dangote’s decision to maintain price stability reflects our dedication to providing high-quality petroleum products while contributing to Nigeria’s energy security and economic resilience,” Chiejina said.

The company highlighted its role in refining petroleum products at its facility, described as the world’s largest single-train refinery, which helps save foreign exchange and supports local markets.

The refinery also expressed gratitude to President Bola Tinubu for the Naira-for-Crude Initiative, a policy that has enabled Dangote to lower petrol prices. This initiative aligns with Tinubu’s Renewed Hope Agenda, which aims to address economic challenges and improve the well-being of Nigerians.

Dangote reassured stakeholders, including consumers and the government, of its ongoing commitment to operational excellence and affordability. “We will continue to prioritize the national interest and ensure that Nigerians fully benefit from our local refining capacity,” the statement concluded.

The announcement comes at a time when global crude oil price fluctuations have raised concerns about potential fuel price hikes in Nigeria, making Dangote’s pledge a significant relief for consumers. Read More

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