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Dangote Petroleum Refinery has once again announced a reduction in diesel and aviation fuel prices to N940 and N980 per litre, respectively.
This comes after the recent price cut to N1,000 just two weeks ago.
In a statement, the Head of Communication, Mr Anthony Chiejina, stated that the new price of N940 applies to customers purchasing five million litres and above, while N970 is for those buying one million litres and above.
Chiejina said that the company aims to alleviate the economic hardship in Nigeria.
Additionally, a partnership with MRS Oil and Gas stations will offer affordable fuel prices, with diesel available for as low as N1,050 per litre and aviation fuel at N980 in all major airports where MRS operates.
The Dangote Group is committed to ensuring that Nigerians have better welfare and hopes that the new prices will help alleviate economic challenges in the country.
This marks the third major reduction in diesel prices in less than three weeks, with President Bola Tinubu commending Dangote for the initial price reduction.
The Director-General of the Manufacturers Association of Nigeria (MAN), Mr Ajayi Kadiri, said: “The decision of Dangote Refinery to first crash the price from about N1,750/litre to N1,200/litre, N1,000/litre and now N940 is an eloquent demonstration of the capacity of local industries to positively impact the fortunes of the national economy.”
“The trickle-down effect of this singular intervention promises to change the dynamics in the energy cost equation of the country, amid inadequate and rising cost of electricity.
“The reduction will have far-reaching effects in critical sectors like industrial operations, transportation, logistics, and agriculture, contributing to easing the high inflation rate in the country; a lot of companies will be back in operation.”
