The Dangote refinery has reduced the price of diesel from the previously reported N1000/litre to N940/litre for customers purchasing 5 million litres and above directly from the refinery.
This decision aims to alleviate the economic challenges faced by citizens, as stated in a communication from the company signed by its Head of Communications, Mr. Anthony Chiejina.
According to the announcement, customers buying one million litres or more of diesel will pay N970/litre, while the price for aviation fuel has been set at N980 per litre. This price adjustment reflects thecommitment of the refinery to mitigating the impact of economic hardships on the populace.
Mr. Chiejina emphasised the company’s strategic partnership with MRS Oil, allowing the public to purchase diesel at N1,050 per litre and aviation fuel at N980/litre nationwide. He indicated plans to extend this partnership to other petroleum marketers across the country, facilitating wider access to affordable fuel options.
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The backstory reveals that the Dangote refinery has been proactive in its efforts to reduce diesel prices. It aims to significantly lower them from around N1500/litre. Aliko Dangote, the Chairman of the company, had previously expressed the company’s intention to contribute to reducing inflation by lowering diesel prices in the country.
Prior to the latest price reduction, the company had already announced a price slash in diesel prices to marketers, offering it at N1000 per litre just a few days earlier. These successive reductions emphasise the commitment of the refinery to making fuel more affordable for consumers and contributing to economic stability.