Dangote Petroleum Refinery has reiterated its commitment to reducing and stabilizing petrol prices in Nigeria, despite ongoing fluctuations in global crude oil markets. In a statement released on Monday and signed by Group Chief Branding and Communications Officer, Anthony Chiejina, the company emphasized that its approach aims to ease the economic burden on Nigerians and strengthen national economic stability.
The refinery, which is owned by Nigerian billionaire Aliko Dangote, stated that the move aligns with its mission to provide affordable, high-quality petroleum products without sacrificing operational efficiency. Dangote emphasized that this decision reflects the company’s role in supporting both the economy and Nigerian consumers, who are often vulnerable to rising fuel costs due to global price shifts.
In line with the Federal Government’s “Nigeria First” policy, Dangote Refinery is leveraging its position as the world’s largest single-train refinery to produce petroleum products locally. This initiative, the company said, contributes significantly to Nigeria’s energy security, reduces foreign exchange outflows, and supports President Bola Tinubu’s Renewed Hope Agenda, which aims to address economic challenges and uplift citizens’ welfare.
The company credited President Tinubu’s Naira-for-Crude Initiative as a critical enabler of its efforts to reduce petrol prices. According to Dangote, the policy has facilitated consistent local price reductions, which benefit consumers across the country. This move contrasts with the global trend of rising fuel prices, driven by international crude oil market volatility.
Dangote Petroleum Refinery reassured stakeholders of its enduring dedication to national service and operational excellence. The company pledged to continue prioritizing affordability, quality, and the national interest in all its operations, reinforcing its role as a key player in Nigeria’s journey toward energy independence and economic resilience.
Source: Arise