Dangote Petroleum Refinery recently announced a decrease in the prices of diesel and aviation fuel to N940 and N980 per liter, respectively, following a previous reduction to N1,000 just two weeks ago.
Customers purchasing five million liters or more will experience a price reduction to N940, while those buying one million liters or more will see a decrease to N970.
The Head of Communication, Mr. Anthony Chiejina, emphasized that the new pricing strategy is in line with the company’s dedication to alleviating the economic difficulties faced by Nigerians.
He mentioned a strategic partnership with MRS Oil and Gas stations to ensure that consumers can access fuel at reasonable prices across all their stations, including those in Lagos and Maiduguri.
Additionally, he highlighted that the partnership will be expanded to other major oil marketers to prevent retail buyers from facing inflated prices.
The Dangote Group aims to enhance the welfare of Nigerians, and the introduction of these new prices is expected to help mitigate the economic challenges in the country.
The management of Dangote Petroleum Refinery recently announced a significant decrease in the price of diesel, marking the third reduction in less than three weeks. Initially priced at N1,700 per liter, the cost was lowered to N1,200, then further reduced to N1,000, and now stands at N940 for diesel and N980 for aviation fuel per liter.
President Bola Tinubu praised Dangote for the initial price cut, hailing it as an impressive achievement. In response to the latest price adjustment, Mr. Ajayi Kadiri, the Director General of the Manufacturers Association of Nigeria, emphasized the positive impact of local industries on the national economy through such initiatives.
Kadiri highlighted the potential benefits of the refinery’s decision, stating that the successive reductions in diesel prices could lead to a significant shift in the country’s energy cost dynamics. This move is expected to alleviate challenges faced by various sectors, such as industrial operations, transportation, logistics, and agriculture, ultimately aiding in reducing the high inflation rate and facilitating the revival of many businesses.
