Dangote Petroleum Refinery & Petrochemicals has reiterated its commitment to reducing the cost of Premium Motor Spirit (PMS), commonly known as petrol, despite ongoing fluctuations in global crude oil prices.
In a statement signed by Mr. Anthony Chiejina, Group Chief Branding and Communications Officer, the company emphasized that its decision to maintain price stability reflects a deep commitment to supporting the Nigerian economy and easing the financial burden on consumers.
“This move highlights our dedication to providing affordable, reliable, and high-quality petroleum products while maintaining operational efficiency and sustainability,” Chiejina stated.
Dangote Refinery’s strategy aligns with the Federal Government’s Nigeria First policy, which encourages the use of locally-produced goods and services. By refining petroleum products domestically at the world’s largest single-train refinery, the company plays a pivotal role in strengthening Nigeria’s energy security, conserving foreign exchange, and reinforcing economic resilience.
This initiative also supports President Bola Tinubu’s Renewed Hope Agenda, which is focused on tackling economic challenges and improving the quality of life for Nigerians.
“We are immensely grateful to His Excellency, President Bola Ahmed Tinubu, for making this possible through the commendable Naira-for-Crude Initiative. This has enabled us to consistently lower the cost of petroleum products for the benefit of all Nigerians,” Chiejina added.
Dangote Petroleum Refinery assured stakeholders-including consumers, partners, and government authorities-of its continued dedication to national service and operational excellence.
“We remain fully committed to ensuring that the benefits of our local refining capacity are effectively delivered to the Nigerian people. Affordability, quality, and national interest will always be at the heart of everything we do,” the statement concluded.
