Dangote Explains Discount in Gasoline Value

The Dangote Petroleum Refinery has stated that the naira-for-crude deal allowed it to scale back the worth of petrol, which interprets to lowered prices on the pumps.

That is whilst the corporate affirmed that the costs of petrol will stay inexpensive and secure. The corporate stated on Monday that regardless of the fluctuations in international crude oil costs, it has persistently lowered the worth of petrol.

The corporate, in a launch signed its Group Chief Branding and Communications Officer, Anthony Chiejina, stated the choice to take care of worth stability displays its unwavering dedication to supporting the Nigerian economic system and assuaging the burden on customers from the rise in gasoline costs by sustaining worth stability.

“We’re immensely grateful to President Bola Tinubu for making this potential by way of the commendable naira-for-crude initiative, which has enabled us to persistently scale back the worth of petroleum merchandise for the advantage of all Nigerians,” the assertion said.

Dangote stated the choice to take care of costs stability regardless of crude worth fluctuations underscores its dedication to offering inexpensive, dependable, and high-quality petroleum merchandise with out compromising operational effectivity and sustainability.

“Our strategy aligns with the targets of the Federal Authorities’s ‘Nigeria First Coverage’, which promotes the prioritisation of locally-produced items and providers.

“By refining petroleum merchandise domestically on the world’s largest single-train refinery, we’re proud to make a considerable contribution to Nigeria’s vitality safety, international trade financial savings, and general financial resilience—aligning with President Bola Tinubu’s Renewed Hope Agenda, which is targeted on addressing the nation’s financial challenges and bettering the well-being of Nigerians,” the assertion stated on Monday.

The corporate assures all stakeholders—customers, companions, and the federal government—of its steady dedication to operational excellence and nationwide service.

“Dangote Petroleum Refinery stays dedicated to making sure that the advantages of our native refining capability are totally realised and loved by the Nigerian populace. We’ll proceed to prioritise affordability, high quality, and nationwide curiosity in each aspect of our work,” the assertion added.