Dangote Vows to Keep Petrol Prices Stable Despite Global Oil Surge

Dangote Petroleum Refinery and Petrochemicals has pledged to maintain stable petrol prices amid rising global crude oil rates, reaffirming its commitment to easing economic pressure on Nigerians.

In a statement released on Monday in Lagos, the Group Chief Branding and Communications Officer, Mr. Anthony Chiejina, said the company has consistently reduced the pump price of Premium Motor Spirit (PMS) to support the local economy and cushion the financial strain on consumers.

“This decision reflects our commitment to delivering affordable, high-quality petroleum products without compromising efficiency or sustainability,” Chiejina stated.

He added that Dangote’s strategy aligns with the Federal Government’s Nigeria First policy and President Bola Tinubu’s Renewed Hope Agenda, which aims to drive economic recovery and national development.

“By refining petroleum products locally at the world’s largest single-train refinery, we are enhancing Nigeria’s energy security, conserving foreign exchange, and boosting economic resilience,” he explained.

Chiejina acknowledged President Tinubu’s support through the Naira-for-Crude Initiative, which he said has helped lower fuel prices for the benefit of all Nigerians.

He assured stakeholders—including consumers, partners, and the government—of the company’s continued focus on operational excellence and national interest.

“Affordability, quality, and the welfare of Nigerians will always guide our operations,” the statement concluded.