Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to premium motor spirit price stability despite the fluctuations in global crude oil prices.
The 650,000 barrels per day refinery disclosed this in a statement on Monday by its spokesperson, Anthony Chiejiena.
This comes as crude oil prices dwindled around $63 to $65 per barrel while local petrol went between N910 per litre and N930 nationwide.
Reacting in a statement, Dangote Refinery said it is committed to alleviating the burden of fuel cost on Nigerians.
The company added that to the implementation of the Nigeria First Policy recently approved by President Bola Ahmed Tinubu.
“This decision reflects our unwavering commitment to supporting the Nigerian economy and alleviating the burden on consumers from the increase in fuel prices by maintaining price stability.
“It underscores our 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.
“We assure all stakeholders—consumers, partners, and the government—of our continued 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 reads.
Recall that Tinubu approved the implementation of the Nigeria First Policy and ban on foreign goods.
