Dangote Assures Of Petrol Price Stability

Despite ongoing fluctuations in global crude oil prices, Dangote Petroleum Refinery & Petrochemicals has assured Nigerians of petrol price stability.

The company emphasised its commitment to maintaining affordable and reliable fuel prices, even as crude prices rise internationally. It noted that despite the fluctuations in global crude oil prices, it has consistently reduced the cost of Premium Motor Spirit (PMS), commonly known as petrol.

The company’s group chief branding and communications officer, Anthony Chiejina, said the decision to maintain price stability reflects its unwavering commitment to supporting the Nigerian economy and alleviating the burden on consumers from the increase in fuel prices by maintaining price stability.

Dangote said the decision underscores its dedication to providing affordable, reliable, high-quality petroleum products without compromising operational efficiency and sustainability.

“Our approach aligns with the objectives of the Federal Government’s Nigeria First policy, which promotes the prioritisation of locally-produced goods and services.

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By refining petroleum products domestically at the world’s largest single-train refinery, we are proud to make a substantial contribution to Nigeria’s energy security, foreign exchange savings, and overall economic resilience—aligning with President Bola Tinubu’s Renewed Hope Agenda, which is focused on addressing the nation’s financial challenges and improving the well-being of Nigerians. We are immensely grateful to His Excellency, President Bola Tinubu, for making this possible through the commendable Naira-for-Crude Initiative, which has enabled us to consistently reduce the price of petroleum products for the benefit of all Nigerians.”

The company assures all stakeholders—consumers, partners, and the government—of its continuous dedication to operational excellence and national service. “Dangote Petroleum Refinery remains committed to ensuring that the Nigerian populace fully realises and enjoys the benefits of our local refining capacity. We will continue prioritising affordability, quality, and national interest in every facet of our work.”