Dangote Refinery’s Naira-for-Crude Deal: A Game Changer for Petrol Prices in Nigeria

The Dangote Petroleum Refinery has emerged as a beacon of hope for Nigerian motorists, thanks to the innovative naira-for-crude deal that has allowed the company to reduce petrol prices significantly.

Despite the unpredictable swings in global crude oil markets, the refinery has maintained a steady and affordable fuel price, easing the financial strain on consumers.

In a statement released Monday, Anthony Chiejina, the Group Chief Branding and Communications Officer, expressed gratitude to President Bola Tinubu for championing the naira-for-crude initiative. “We are immensely grateful to 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,” he said.

Operating the world’s largest single-train refinery, Dangote Petroleum Refinery plays a critical role in Nigeria’s energy landscape. The company’s efforts align with the Federal Government’s ‘Nigeria First Policy’, which prioritizes local production to enhance economic resilience and energy security.

The refinery’s commitment extends beyond price stability; it aims to deliver high-quality petroleum products while ensuring operational efficiency and sustainability. As part of President Tinubu’s Renewed Hope Agenda, Dangote Petroleum Refinery continues to support national development by providing affordable fuel and contributing to foreign exchange savings.