Dangote refinery slashes diesel price to N1,000 per litre

Dangote refinery slashes diesel price to N1,000 per litre

The Dangote refinery says it has reduced the price of
automotive gas oil (AGO), also known as diesel, to N1,000 per litre.

 

According to a statement on Tuesday by the refinery, the
price of the product was dropped from N1,200 per litre.

 

“In an unprecedented move, Dangote Petroleum Refinery has
announced further reduction of the price of diesel to from 1200 to 1,000 naira
per litre,” Dangote refinery said.

 

“While rolling out the products, the refinery supplied at a
substantially reduced price of N1,200 per litre three weeks ago, representing
over 30 per cent reduction from the previous market price of about N1,600 per
litre.

 

 “This significant
reduction in the price of diesel, at Dangote Petroleum Refinery, is expected to
positively affect all the spheres of the economy and ultimately reduce the high
inflation rate in the country.”

 

The development comes days after Dangote refinery fixed the
minimum volume of diesel that can be purchased by oil marketers at one million
litres.

 

The 650,000 barrels per day (bpd) capacity refinery was
inaugurated by former President Muhammadu Buhari in May 2023.

 

Subsequently, the plant commenced operations with the
production of diesel and aviation fuel on January 12 — after receiving six
shipments of crude from oil marketers.

Source: Dangote refinery slashes diesel price to N1,000 per litre

 - NigerianEye
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