Wednesday, 24 April 2024 04:31

Dangote Refinery slashes diesel, aviation fuel prices further

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Dangote Petroleum Refinery has once again reduced the prices of diesel and aviation fuel to N940 and N980 per litre, respectively.

This adjustment follows a previous reduction just two weeks ago when the diesel price was lowered to N1,000.

The new pricing structure offers N940 per litre for customers purchasing five million litres and above, while those buying one million litres and above can avail themselves of diesel at N970 per litre.

Anthony Chiejina, Head of Communication, emphasized that these adjustments align with the company's commitment to alleviating the economic challenges facing Nigeria.

In an effort to make fuel more accessible, Dangote Petroleum Refinery has partnered with MRS Oil and Gas stations, ensuring affordable prices across all their outlets nationwide. Chiejina highlighted the availability of diesel at N1,050 per litre and aviation fuel at N980 per litre at major airports where MRS operates.

He further noted plans to extend this partnership to other major oil marketers, aiming to prevent retail buyers from purchasing fuel at exorbitant prices. This initiative reflects Dangote Group's dedication to improving the welfare of Nigerians amidst economic hardships.

This recent price adjustment marks the third significant reduction in diesel price within three weeks, starting from N1,700 to N940 per litre, signaling a positive trend for consumers and industries alike. Ajayi Kadiri, Director General of the Manufacturers Association of Nigeria (MAN), praised Dangote Refinery's efforts, highlighting the potential impact on the national economy.

Kadiri emphasized the trickle-down effect of these price reductions, foreseeing benefits across various sectors including industrial operations, transportation, logistics, and agriculture. He expressed optimism that these adjustments would contribute to easing the high inflation rate and stimulate economic activities, ultimately leading to the revival of dormant industries.

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