Dangote Refinery Keeps Fuel Prices Stable,

Dangote Refinery Keeps Fuel Prices Stable, Saves Nigerians from Higher Costs – Company

By Ladan Nasidi,Kano

The Group Chief Branding and Communications Officer of Dangote Industries Limited, Mr. Anthony Chiejina, says fuel prices in Nigeria would have been significantly higher without the operations of the Dangote Petroleum Refinery.

In a statement released on Saturday, Chiejina explained that the refinery’s ongoing production and supply have helped maintain price stability, ensuring affordable fuel for consumers despite global price hikes.

He recalled that Aliko Dangote, President of Dangote Industries Limited, had recently assured Nigerians that petrol prices would not be increased during the ember months, reaffirming the company’s commitment to national energy stability and consumer protection.

Since commencing petrol production in September 2024, the Dangote Refinery has been pivotal in easing market pressures, reducing the cost of petrol, and ending the long queues and scarcity that previously plagued the country, especially during festive seasons.

According to Chiejina, the average price of Premium Motor Spirit (PMS) dropped from about ₦1,030 per litre in September 2024 to between ₦841 and ₦851 per litre in September 2025, following the introduction of the refinery’s Direct Delivery Scheme.

Similarly, the average price of diesel (AGO) fell from as high as ₦1,700 per litre in 2024 to around ₦1,020 per litre in 2025, highlighting the refinery’s positive impact on market stability and logistics costs.

While petrol prices in neighbouring West African countries range between $1.20 and $2.00 per litre, Nigeria’s average price remains around $0.60 per litre—thanks to the refinery’s influence on affordability and supply.

Chiejina disclosed that the refinery currently produces more than enough to meet national demand, loading over 45 million litres of petrol and 25 million litres of diesel daily. He assured Nigerians of the company’s collaboration with regulators and distributors to guarantee uninterrupted fuel supply nationwide.

“Our refinery is exceeding Nigeria’s daily fuel demand,” Chiejina said. “This capacity not only secures local supply but also strengthens energy security and reduces dependence on imports.”

He added that local production has helped stabilise the exchange rate by reducing foreign exchange outflows and increasing inflows, thereby supporting the naira and boosting the national economy.

Commenting on the recently approved tariff policy, Chiejina defended it as a necessary step to protect local industries from unfair foreign competition, warning that unchecked dumping of petroleum products could cripple domestic refineries and reverse Nigeria’s industrial gains.

He praised President Bola Ahmed Tinubu’s administration for its proactive economic reforms and business-friendly policies aimed at strengthening the downstream oil and gas sector.

“President Tinubu has shown visionary leadership in implementing policies that renew investor confidence, promote industrial growth, and safeguard Nigeria’s energy future,” Chiejina said.

He called on industry stakeholders to act patriotically by supporting government policies that promote self-sufficiency and protect Nigeria’s economy from external manipulation.

Equipped with advanced technology and extensive infrastructure, the Dangote Petroleum Refinery continues to play a transformative role in reducing fuel import dependence, stabilising supply chains, and conserving foreign exchange reserves cementing its place as a cornerstone of Nigeria’s energy security and economic growth.

Cov/Bizpoint/ LN