Dangote Petroleum Refinery & Petrochemicals has revealed the secret behind its continued reduction of the price of Premium Motor Spirit (PMS), commonly known as petrol.
In a statement today, May 19, by the Group Chief Branding and Communications Officer, Anthony Chiejina, the company commended President Bola Tinubu for Naira-For-Crude Initiative, “which has enabled us to consistently reduce the prices of petroleum products for the benefit of all Nigerians.”
The company said that despite the fluctuations in global crude oil prices, it would still continue to reduce the prices of petroleum products.
According to the statement the decision to maintain price stability reflects the company’s unwavering commitment to supporting the Nigerian economy and alleviating the burden on consumers from the increase in fuel prices by maintaining price stability.
“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.”
The company assured all stakeholders, including 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.”
