Dangote Petroleum Refinery has again crashed the prices of diesel to 940 and aviation fuel to N940 per litre.
This move follows the refinery’s previous reduction to N1,000 just two weeks ago, which was widely acclaimed.
The revised price of N940 applies to customers purchasing five million litres or more, while the rate of N970 is for those buying one million litres or above.
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Anthony Chiejina, the Head of Communication at Dangote, emphasized that this adjustment aligns with the company’s commitment to alleviating economic challenges in Nigeria. He stated, “Dangote Petroleum Refinery has formed a strategic alliance with MRS Oil and Gas stations to ensure that consumers can access fuel at reasonable prices across all their stations, from Lagos to Maiduguri.
Chiejina highlighted that customers can now purchase diesel for as low as N1,050 per litre and aviation fuel for N980 at major airports where MRS operates. Furthermore, he announced plans to extend this partnership to other prominent oil marketers to prevent retail buyers from facing inflated prices.
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The Dangote Group is dedicated to enhancing the welfare of Nigerians, and thus, we are pleased to introduce these new prices, hoping they will mitigate the impact of economic hardships,” Chiejina added.
This latest reduction marks the third significant decrease in diesel prices within three weeks. Previously, diesel was sold at N1,700 to N1,200 per litre, then reduced to N1,000, and now stands at N940 per litre. Similarly, aviation fuel has dropped from N1,200 to N980 per litre.
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President Bola Tinubu previously praised Dangote for its initial price cut, hailing it as an “enterprising feat.
In response to the recent development, Ajayi Kadiri, the Director General of the Manufacturers Association of Nigeria (MAN), lauded Dangote’s initiative. He remarked, “The decision to reduce prices from about N1,750 per litre to N1,200, N1,000, and now N940 showcases the local industries’ ability to positively impact the national economy.
Kadiri elaborated on the ripple effects of this move, stating that it will influence various sectors such as industrial operations, transportation, logistics, and agriculture. Moreover, he believes it will contribute to alleviating the country’s high inflation rate and facilitate the revival of dormant businesses.
This development underscores Dangote’s commitment to driving economic stability and fostering growth across multiple sectors.
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