The Dangote Petroleum Refinery has attributed its ability to reduce petrol prices to the innovative naira-for-crude deal, a move that has translated into lower pump costs for Nigerian consumers, okay.ng reports.
Despite ongoing volatility in global crude oil prices, the refinery has consistently maintained affordable fuel prices, signaling a commitment to economic stability.
In a statement released on Monday and signed by Anthony Chiejina, Group Chief Branding and Communications Officer, Dangote Petroleum Refinery emphasized its dedication to supporting the Nigerian economy by stabilizing fuel prices. “We are immensely grateful to 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 statement read.
The company highlighted that its price stability strategy aligns with the Federal Government’s ‘Nigeria First Policy’, which prioritizes locally produced goods and services. Operating the world’s largest single-train refinery, Dangote Refinery plays a pivotal role in enhancing Nigeria’s energy security, conserving foreign exchange, and bolstering economic resilience.
“Our approach underscores our dedication to providing affordable, reliable, and high-quality petroleum products without compromising operational efficiency and sustainability,” the statement added. Dangote Petroleum Refinery reaffirmed its commitment to ensuring the benefits of local refining capacity reach all Nigerians, promising continued focus on affordability, quality, and national interest.
