Dangote Petroleum Refinery has announced another reduction in the prices of diesel and aviation fuel, with diesel now priced at N940 per litre and aviation fuel at N980 per litre.
This reduction comes shortly after the refinery’s previous price cut to N1,000 per litre just two weeks ago.
The new price of N940 for diesel applies to customers purchasing five million litres and above, while the price of N980 is for customers buying one million litres and above.
Mr. Anthony Chiejina, the Head of Communication for Dangote Petroleum Refinery, emphasized that this price adjustment reflects the company’s commitment to alleviating economic challenges in Nigeria.
He also announced a strategic partnership with MRS Oil and Gas stations to ensure affordable fuel prices across their stations nationwide.
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“We have entered a strategic partnership with MRS Oil and Gas stations to ensure that consumers can buy fuel at affordable prices in all their stations, from Lagos to Maiduguri,” said Mr. Chiejina. “You can buy diesel for as low as N1,050 per litre and aviation fuel for N980 at major airports where MRS operates.”
He further mentioned plans to extend this partnership to other major oil marketers to prevent retail buyers from purchasing fuel at exorbitant prices.
This latest reduction marks the third significant decrease in diesel prices within three weeks, initially dropping from N1,700 to N1,200 per litre and subsequently to N1,000.
Now, the price stands at N940 per litre for diesel and N980 per litre for aviation fuel.
President Bola Tinubu previously commended Dangote for the initial price reduction, describing it as an “enterprising feat.”
Reacting to this recent development, Mr. Ajayi Kadiri, the Director General of the Manufacturers Association of Nigeria, praised Dangote Refinery’s actions, emphasizing the positive impact on the national economy.
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He highlighted the potential benefits across critical sectors such as industrial operations, transportation, logistics, and agriculture, which could contribute to easing the high inflation rate and enabling more companies to resume operations.