The Dangote Petroleum Refinery has attributed recent reductions in petrol prices to the Federal Government’s naira-for-crude initiative, stating that the policy has helped stabilize pump prices despite volatility in global oil markets.
In a statement issued Monday, the refinery announced that it would maintain affordable and steady fuel prices, citing its commitment to easing economic pressures on Nigerian consumers. The company’s Group Chief Branding and Communications Officer, Anthony Chiejina, emphasized that the naira-based crude oil supply arrangement has allowed Dangote to cut production costs and pass the savings on to the public.
“We are deeply thankful to President Bola Tinubu for enabling this through the naira-for-crude policy,” the statement read. “This strategy has allowed us to steadily reduce the price of petroleum products in a way that benefits all Nigerians.”
The company reaffirmed that despite fluctuations in international oil prices, it has remained committed to offering cost-effective and reliable petroleum products. The statement highlighted Dangote’s support for the Federal Government’s “Nigeria First Policy,” which encourages the consumption and production of local goods and services.
By refining crude oil domestically, Dangote said it is helping to boost the country’s energy independence, reduce reliance on foreign exchange, and contribute to national economic stability. The refinery is currently the largest single-train refining facility in the world.
“Our efforts are aligned with President Tinubu’s Renewed Hope Agenda, which aims to address economic challenges and improve quality of life for all citizens,” the statement added.
Dangote Petroleum Refinery also reassured its stakeholders—including consumers, government officials, and business partners—of its long-term commitment to operational excellence and national service.
“We remain focused on ensuring that the benefits of domestic refining are fully realized by the Nigerian people. Affordability, product quality, and national interest will continue to guide our operations,” the company concluded.
