Dangote Refinery Credits President Tinubu’s Naira-for-Crude Deal for Lower, Stable Petrol Prices
Dangote Petroleum Refinery has announced that its naira-for-crude arrangement has helped lower petrol prices, resulting in cheaper fuel at the pumps. Despite ongoing global fluctuations in crude oil prices, the company reassured Nigerians that petrol prices will remain affordable and stable.
In a statement released Monday by Group Chief Branding and Communications Officer Anthony Chiejina, Dangote emphasized its firm commitment to supporting the Nigerian economy by maintaining stable fuel prices to ease the burden on consumers.
“We are deeply grateful to President Bola Tinubu for the impactful naira-for-crude initiative, which has enabled us to consistently reduce petroleum product prices for the benefit of Nigerians,” the company stated.
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Dangote’s decision to uphold price stability, despite volatile crude prices, highlights its dedication to delivering affordable, high-quality petroleum products without sacrificing operational efficiency or sustainability.
The company’s approach aligns with the Federal Government’s ‘Nigeria First Policy,’ promoting local production and services. By refining petroleum domestically at the world’s largest single-train refinery, Dangote contributes significantly to Nigeria’s energy security, foreign exchange savings, and overall economic resilience—supporting President Tinubu’s Renewed Hope Agenda aimed at tackling economic challenges and improving citizens’ well-being.
Dangote Petroleum Refinery assures consumers, partners, and the government of its ongoing commitment to excellence and national service. The company vows to ensure Nigerians fully benefit from its local refining capacity by prioritizing affordability, quality, and the nation’s interest in every operation.
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