Relief as Dangote slashes price of diesel to N1000/litre

The Dangote Petroleum Refinery has announced a reduction in the price of Automotive Gas Oil, popularly called diesel, from N1,200/litre to N1,000/litre.

This was announced in a statement issued on Tuesday by the refinery spokesperson, Nduka Chiejina.

The statement read in part, “In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1,200 to N1,000/litre.

“While rolling out the products, the refinery supplied at a substantially reduced price of N1,200/litre three weeks ago, representing over 30 per cent reduction from the previous market price of about N1,600/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.”

Recall that the Dangote Refinery two weeks ago slashed the price of diesel to N1225 per litre from the previous rate of N1700 per litre which was being sold in various parts of the country.

The refinery also stated that it intends to begin delivering petroleum to the local market in May of this year.