Dangote Petroleum Refinery has announced that the naira-for-crude oil agreement has helped it reduce the cost of petrol, leading to more affordable prices at filling stations across Nigeria.
Despite volatility in global oil prices, the company said it has consistently brought down petrol prices and pledged to keep them stable and within reach of Nigerians. In a statement signed by its Group Chief Branding and Communications Officer, the refinery noted that this move is aimed at easing the financial burden on consumers and supporting the Nigerian economy.
The company expressed appreciation to President Bola Tinubu for enabling the naira-for-crude initiative, describing it as a key factor in making petroleum products more accessible to the public. It said the agreement not only allows for stable pricing but also reinforces the refinery’s commitment to efficiency and sustainability without sacrificing product quality.
Dangote Refinery added that its pricing strategy aligns with the Federal Government’s ‘Nigeria First Policy’, which prioritizes the use of locally produced goods and services. By refining crude oil locally at what it calls the world’s largest single-train refinery, the company said it is helping to strengthen Nigeria’s energy security, reduce reliance on foreign exchange for imports, and boost economic stability.
The company further emphasized its alignment with the government’s Renewed Hope Agenda, aimed at tackling economic hardship and improving citizens’ welfare.
Dangote assured stakeholders—including consumers, government, and partners—of its ongoing focus on affordability, high-quality fuel, and national interest, as it continues to expand local refining capacity and contribute to Nigeria’s long-term development.
