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"

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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.”

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