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Home Oil & Gas

Dangote Promises To Ensure Stability In Price Of Petrol In Spite Increase In Crude Price

Vital News by Vital News
May 19, 2025
in Oil & Gas
0
We Have Not Fixed Petrol Price — Dangote
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Dangote Petroleum Refinery & Petrochemicals has promised to ensure stability in the price of petrol in spite of the current fluctuations in global crude oil prices.

The company made the promise in a press release obtained by Vital News on Monday.

The press release was by the company’s Group Chief Branding and Communications Officer, Anthony Chiejina.

The company said the 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.

It further reminded Nigerians that
it has consistently reduced the price of Premium Motor Spirit (PMS), commonly known as petrol.

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The decision, Dangote said, underscores its “dedication to providing affordable, reliable, and high-quality petroleum products without compromising operational efficiency and sustainability.

“Our approach aligns with the objectives of the Federal Government’s Nigeria First policy, which promotes the prioritisation 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.

“We are immensely grateful to His Excellency, 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 company then assured all stakeholders—consumers, partners, and the government—of its continuous dedication to operational excellence and national service.

“Dangote Petroleum Refinery remains committed to ensuring that the benefits of our local refining capacity are fully realised and enjoyed by the Nigerian populace.

“We will continue to prioritise affordability, quality, and national interest in every facet of our work,” the statement said. (vitalnewsngr.com)
(vitalnewsngr.com)

Tags: CrudeDangoteglobalPetrolprice
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