Dangote Refinery Slashes Petrol Prices with Naira-for-Crude Deal, Easing Pump Costs

The Dangote Petroleum Refinery has announced a significant reduction in petrol prices, attributing the move to the Federal Government’s innovative Naira-for-Crude Initiative. This strategic policy has enabled the refinery to stabilize fuel costs despite global market fluctuations, offering much-needed relief to Nigerian consumers.

In a statement released by Anthony Chiejina, Group Chief Branding and Communications Officer, Dangote Refinery reaffirmed its commitment to supporting Nigeria’s economy by ensuring affordable and high-quality petroleum products. “We are immensely grateful to President Bola Tinubu for making this possible through the commendable Naira-for-Crude Initiative, which has allowed us to consistently lower the price of petrol for the benefit of all Nigerians,” the statement read.

The refinery emphasized that its price stability strategy aligns with the Federal Government’s Nigeria First Policy, which prioritizes locally produced goods and services. As the world’s largest single-train refinery, Dangote Refinery plays a pivotal role in enhancing Nigeria’s energy security, conserving foreign exchange, and bolstering economic resilience.

“Our approach underscores our dedication to providing affordable, reliable, and high-quality petroleum products without compromising operational efficiency and sustainability,” the company added.