Dangote Petroleum Refinery has recently announced another notable reduction in the prices of both diesel and aviation fuel, now offering them at N940 and N980 per litre respectively.
This decision follows closely on the heels of their previous reduction to N1,000 just a fortnight ago. The revised price of N940 is applicable to customers purchasing five million litres and above, while the rate of N970 is offered to those buying one million litres and more.
In elucidating this latest initiative, Mr. Anthony Chiejina, the Head of Communication, emphasized the company’s steadfast commitment to alleviating the prevailing economic challenges in Nigeria.
He also revealed plans to extend this beneficial partnership to other prominent oil marketers, underscoring Dangote’s ongoing efforts to support the nation’s economy.
READ ALSO:
Kenyan Authorities Reportedly Detain Binance Executive Who Escaped Nigeria
“I can confirm to you that Dangote Petroleum Refinery has entered a strategic partnership with MRS Oil and Gas stations, to ensure that consumers get to buy fuel at affordable prices, in all their stations be it Lagos or Maiduguri.”
“You can buy as low as 1 litre of diesel at N1,050 and aviation fuel at N980 at all major airports where MRS operates. The essence of this is to ensure that retail buyers do not buy at exorbitant prices.”
“The Dangote Group is committed to ensuring that Nigerians have better welfare and as such, we are happy to announce these new prices and hope that it would go a long way to cushion the effect of economic challenges in the country”.
Recall that the leadership at Dangote Petroleum Refinery had recently made headlines with yet another significant price adjustment, this time reducing the cost of diesel from 1200 to 1,000 Naira per litre, a mere fortnight ago.
This development signifies the third notable decrease in diesel prices within a span of fewer than three weeks. Initially retailed between N1,700 to N1,200, the price of diesel has seen successive reductions, now resting at the new rates of N1,000 and N940 per litre, while aviation fuel is pegged at N980 per litre.
However, President Bola Tinubu had praised Dangote for the initial price cut, hailing it as a remarkable achievement.
In response to the recent announcement, Mr. Ajayi Kadiri, the Director General of the Manufacturers Association of Nigeria, expressed that:
READ ALSO:
Bobrisky Pleads with Court to Change Jail Term to Monetary Penalty
“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 trickledown 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.”