HighlightOil & Gas

Just in: Again, Dangote further crashes diesel, aviation fuel to N940, N980

"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"

1.2k
Dangote Petroleum Refinery has announced another reduction in diesel and aviation fuel prices to N940 and N980, respectively.

This comes after the widely celebrated price reduction to N1,000 one week ago.

Persecondnews reports that customers purchasing five million litres or more from the refinery will benefit from the revised price of N940, while those purchasing one million litres or more will be eligible for the price of N970.

Mr. Anthony Chiejina, the Head of Communication at Dangote Petroleum Refinery, made it known on Tuesday that the new pricing aligns with the company’s goal of easing the economic challenges faced by Nigerians.

He said: “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 an affordable price 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 purchase 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 they will go a long way towards cushioning the effects of economic challenges in the country.”

Persecondnews recalls that Dangote refinery announced a reduction in the price of diesel from N1,200 to N1,000 per litre.

The company said in a statement that it expects the significant reduction in the price of diesel to positively affect all sectors of the economy and ultimately lower the country’s high inflation rate.

“In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre.

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

“This significant reduction in the price of diesel at Dangote Petroleum Refinery is expected to positively affect all spheres of the economy and ultimately reduce the high inflation rate in the country.”

Leave a comment

Related Articles

Breaking: Osun council poll: Police disrupt exercise, seal off OSSIEC

The Chairman of the Osun State Independent Electoral Commission, Mr. Hashim Abioye,...

Just in: Gov. Adeleke casts his vote as Osun LG poll kicks off

Amidst controversy and opposition from some quarters, Osun State Governor Ademola Adeleke...

Police defy court order, call for suspension of Feb. 22 Osun council polls

In spite of a court order directing the conduct of council polls...

31 new states’ requests fall short of constitutional requirements – Deputy Speaker Kalu

Amidst the ongoing debate on the requests for creation of 31 new...

Just in: Court orders OSSIEC to conduct Osun LG Polls

Justice Adeyinka Aderibigbe of the Osun State High Court has ruled that...

Just in: Court orders final forfeiture of $4.7m, N830m, properties linked to Emefiele

In a significant ruling, Justice Yellim Bogoro of the Federal High Court...

Just in: Some parts of Abuja to experience 7-hour power outage – TCN

Abuja’s prolonged power outage persists, with the Transmission Company of Nigeria (TCN)...

ECOWAS, UN Joint Mission to Support Peace Efforts in Guinea Bissau

A joint mission of ECOWAS and the UN Office for West Africa...

Afenifere slams IBB’s belated admission on Abiola’s June 12, 1993 election victory as hollow, too little, too late

Unimpressed by ex-Head of State Ibrahim Babangida’s admission that the late Chief...

NFF Suspends Two Referees Over Controversial Penalty Decision

The Nigeria Football Federation (NFF) has suspended two referees, Ayeni Ridwan Olatunji...

Nigeria’s oil rig count to hit 50 in March to achieve 2 million bpd target, says NUPRC Boss Komolafe

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the country’s...

Tinubu hails IBB’s courage, patriotism for acknowledging Abiola’s 1993 election win

President Bola Tinubu has lauded what he called former military Head of...

VP Shettima Unveils Ambitious ‘Nutrition 774 Initiative’ to Combat Malnutrition in 774 Council Areas

Nigeria’s Vice President, Sen. Kashim Shettima, has urged state governors, ministers, local...

Fire at Cawthorne Channel 1 Barges: NNPCL Emergency Team Swiftly Contains Outbreak, No Casualties

A swift response by the Nigerian National Petroleum Company Limited (NNPCL) emergency...

NFF Sets Deadlines for Federation Cup Finals, CAF C-Licence Course

The Nigeria Football Federation (NFF) has issued a firm directive requesting all...

Nigeria’s Central Bank Holds Interest Rate Steady at 27.50%

The Central Bank of Nigeria (CBN) has decided to hold all parameters...

Reps call for arrest, prosecution of fake number plate offenders

Worried by the rising spate of criminality in the country, the House...

NNPP loses Rep to APC

The House of Representatives witnessed another defection on Thursday as Yusuf Galambi,...

Union urges varsity to rename zoo in honour of keeper killed by lion 12 months ago

One year after a fatal lion attack at the zoo of the...

Tinubu names Dr. Enyiekere as National Assembly Service Commission Chairman

President Bola Tinubu has appointed Dr. Saviour Enyiekere as the Chairman of...