“Why Petrol Prices Are Going Down — and What It Means for Nigerians”

The Dangote Petroleum Refinery says the recent drop in petrol prices is thanks to the federal government’s naira-for-crude oil policy, which has helped the company lower costs despite global oil price swings.

In a statement released Monday, the company’s Group Chief Branding and Communications Officer, Anthony Chiejina, said Dangote is committed to keeping fuel prices stable and affordable for Nigerians.

“We’re truly grateful to President Bola Tinubu for making this possible through the naira-for-crude initiative,” the statement read. “This has allowed us to keep reducing petrol prices for the benefit of everyone.”

Dangote Refinery said the ability to hold down prices—even when international crude prices rise—is a reflection of its focus on efficiency, sustainability, and delivering reliable fuel products.

The company also tied its efforts to the federal government’s “Nigeria First Policy,” which pushes for more use of locally-produced goods and services.

As the world’s largest single-train refinery, Dangote highlighted how domestic fuel production helps boost Nigeria’s energy security, save foreign exchange, and support the economy—all key goals under President Tinubu’s Renewed Hope Agenda.

In wrapping up, the refinery reassured stakeholders—including customers, partners, and the government—of its continued commitment to quality, affordability, and national development.

“We’re here to make sure Nigerians get the full benefits of homegrown refining,” the statement added. “Our focus will always be on keeping prices fair, delivering high-quality fuel, and putting Nigeria first.”