The Dangote Petroleum Refinery has reaffirmed its commitment to lowering the price of Premium Motor Spirit (PMS), also known as petrol, despite volatility in global crude oil prices. The company emphasized that it has consistently reduced the cost of petrol and will continue doing so in the best interest of the country.
The company disclosed this in a statement issued and signed by its Group Chief Branding and Communications Officer, Anthony Chiejina. The Dangote-owned refinery stated that its decision to maintain price stability reflects its unwavering commitment to supporting the Nigerian economy and alleviating the burden on consumers from the increase in fuel prices by maintaining price stability.
According to the statement, the company stated that, “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 further emphasized that the company’s approach aligns with the objectives of the Federal Government’s ‘Nigeria First Policy’, which promotes the prioritization of locally produced goods and services.
“By refining petroleum products domestically at the world’s largest single-train refinery, we are proud to make a substantial contribution to Nigeria’s energy security, foreign exchange savings, and overall economic resilience—aligning with President Bola Tinubu’s Renewed Hope Agenda, which is focused on addressing the nation’s economic challenges and improving the well-being of Nigerians,”
Dangote also stated that its decision to maintain price stability despite fluctuations in crude oil prices reflects its commitment to delivering affordable, reliable, and high-quality petroleum products, without compromising operational efficiency and long-term sustainability.
The statement added, “Dangote Petroleum Refinery remains committed to ensuring that the benefits of our local refining capacity are fully realized and enjoyed by the Nigerian populace. We will continue to prioritize affordability, quality, and national interest in every facet of our work.”
The company assures all stakeholders, including consumers, partners, and the government, of its continuous commitment to operational excellence and national service.
