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Home»Business»Petrol Prices To Remain Steady, Dangote Assures Amidst Soaring Crude
Business

Petrol Prices To Remain Steady, Dangote Assures Amidst Soaring Crude

Moyosore RokosuBy Moyosore RokosuMay 21, 2025No Comments2 Mins Read
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Dangote Petroleum Refinery and Petrochemicals has reaffirmed its commitment to keeping petrol prices stable in Nigeria, despite persistent fluctuations in the global crude oil market. In a statement released on Monday in Lagos, the Group Chief Branding and Communications Officer, Mr. Anthony Chiejina, emphasized the company’s dedication to reducing the financial strain on Nigerian consumers while contributing to overall economic stability.

Chiejina pointed out that Dangote has continuously lowered the price of Premium Motor Spirit (PMS), demonstrating the refinery’s dedication to offering reasonably priced, superior petroleum products without sacrificing sustainability or efficiency.

“This decision reflects our unwavering dedication to delivering value to Nigerians and supporting the local economy,” he said.

He added that the company’s operations are aligned with the Federal Government’s “Nigeria First” policy and President Bola Tinubu’s Renewed Hope Agenda, both aimed at promoting local production, economic recovery, and national development.

“Refining petroleum products locally at the world’s largest single-train refinery allows us to significantly boost Nigeria’s energy security, conserve foreign exchange, and enhance the nation’s economic resilience,” Chiejina stated.

He also acknowledged the support of President Tinubu through the Naira-for-Crude Initiative, which has helped lower fuel costs and advance the administration’s goals of accessible energy for all.

“Dangote Petroleum Refinery assures all stakeholders—consumers, partners, and the government—of its continued focus on operational excellence and national service,” the statement concluded. “Affordability, quality, and national interest will continue to guide our operations.”

 

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Moyosore Rokosu
Moyosore Rokosu is a graduate of Mass Communication. She is a passionate writer and a social media savvy with a flair for writing.
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Moyosore Rokosu

Moyosore Rokosu is a graduate of Mass Communication. She is a passionate writer and a social media savvy with a flair for writing.

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