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Dangote Promises Stable Petrol Prices Despite Crude Oil Surge

Nathaniel Irobi by Nathaniel Irobi
May 20, 2025
in Business
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Dangote Promises Stable Petrol Prices Despite Crude Oil Surge

Dangote Promises Stable Petrol Prices Despite Crude Oil Surge

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Dangote Petroleum Refinery and Petrochemicals has reiterated its commitment to keeping the prices of Premium Motor Spirit (PMS), commonly referred to as petrol, steady, regardless of the ongoing volatility in global crude oil prices.

In a statement released by the Group Chief Branding and Communications Officer, Anthony Chiejina, the company explained that its decision to maintain price stability underscores its unwavering commitment to bolstering the Nigerian economy and alleviating the financial burden on consumers due to rising fuel costs.

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This commitment illustrates Dangote’s dedication to delivering affordable, reliable, and premium-quality petroleum products without sacrificing operational efficiency or sustainability.

“Our approach aligns with the Federal Government’s Nigeria First policy, which encourages prioritising local goods and services.

By refining petroleum products at our state-of-the-art single-train refinery, we are proud to significantly contribute to Nigeria’s energy security, foreign exchange savings, and overall economic resilience—aligning with President Bola Tinubu’s Renewed Hope Agenda, which aims to address the nation’s economic challenges and improve the lives of Nigerians. We are deeply appreciative of His Excellency, President Bola Tinubu, for making this possible through the commendable Naira-for-Crude Initiative, allowing us to consistently reduce the price of petroleum products for the benefit of all Nigerians.”

The company reassures all stakeholders, including consumers, partners, and the government, of its ongoing commitment to operational excellence and national service.

“Dangote Petroleum Refinery remains focused on ensuring that the benefits of our local refining capacity are fully realised and enjoyed by the Nigerian population. We will continue to prioritise affordability, quality, and national interest in every aspect of our work.”

ALSO READ:  Rising Demand For Gold, Minerals Increasing Crime In Africa, Others — UN
Tags: crude oilPetrol Prices
Nathaniel Irobi

Nathaniel Irobi

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