Breaking: Dangote refinery further slashes price of diesel to N1,000/litre. Read More....

 

Following the appeal by oil marketers Dangote Petroleum Refinery has agreed to reduce the of Automotive Gas Oil, popularly called diesel.

The Dangote refinery reduced the price of diesel from its initial N1,200/litre to N1,000/litre, a development that triggered excitement among operators in the downstream oil sector.

This new price was announced on Tuesday by Dangote refinery via a statement issued on Tuesday by its 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 N1200 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.”

It would be recalled that last week, oil marketers called for a downward review in the pump price of diesel being produced by the Dangote Petroleum Refinery to between N700 and N850/litre.

  refinery reduced the price of diesel from its initial N1,200/litre to N1,000/litre, a development that triggered excitement among operators in the downstream oil sector.