Dangote announces another slash in pump price of diesel


The Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1,200 to N1,000 per litre.

In a Tuesday release, the company 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.”

Dangote oil refinery began supplying the Nigerian domestic market with petroleum products such as diesel and aviation jet fuel.

Chairman of Dangote Group, Aliko Dangote recently thanked President Bola Tinubu for his support and encouragement, towards the actualisation of the project.