Lagos, Nigeria – In a bold move to ease the burden on Nigerians, Dangote Petroleum Refinery & Petrochemicals has announced it will absorb a staggering ₦16 billion loss to ensure cheaper fuel prices nationwide. The refinery will refund ₦65 per litre to marketers, allowing consumers to benefit from lower pump prices.
This strategic decision underscores Dangote’s commitment to stabilizing the domestic fuel market and supporting the economy. With Nigerians grappling with high living costs, the relief at fuel stations is expected to have a ripple effect on transportation and goods pricing.
Industry analysts say this move could reshape the energy sector, positioning Dangote Refinery as a game-changer in the quest for local fuel sufficiency.
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