Dangote Petroleum Refinery and Petrochemicals has assured Nigerians that it will maintain stable petrol prices. The move reinforces its role in promoting economic recovery amid global oil market volatility.
In a statement issued on Monday, the company’s Group Chief Branding and Communications Officer, Mr. Anthony Chiejina, said the refinery has continually adjusted its petrol pricing downward. He said this reflects a strategic commitment to consumer relief and national development.
“Our pricing reflects a deliberate effort to make energy products more accessible. We also uphold our standards of efficiency and environmental responsibility,” Chiejina noted.
He said this approach aligns with the Federal Government’s “Nigeria First” policy. It also supports President Bola Tinubu’s Renewed Hope Agenda, which emphasizes local capacity development and economic sustainability.
Homegrown Refining, National Impact
Chiejina emphasized that the company’s ability to refine petroleum locally at its Lekki-based facility, hailed as the largest single-train refinery globally, gives it a competitive edge. The refinery ensures consistent supply and price moderation.
This local refining reduces Nigeria’s dependence on fuel imports. It also curbs forex pressure and enhances energy self-sufficiency.
He praised the federal government’s Naira-for-Crude initiative for creating a more efficient crude supply arrangement. This has helped refiners cut costs and pass benefits to end-users.
“President Tinubu’s leadership through this policy has enabled us to deliver more affordable fuel options across the country,” Chiejina added.
Dangote Focuses on National Interest
Dangote Petroleum Refinery reaffirmed its dedication to operational excellence, stakeholder trust, and delivering on its promise to make energy affordable for Nigerians.
“Our mission goes beyond profitability. We are driven by a mandate to serve national interest. We remain focused on delivering quality, affordability, and reliability to every Nigerian,” the statement read.
As Nigeria transitions into a post-subsidy economy, Dangote’s role in price stability could shield consumers from global fuel price shocks.