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"

1.1k

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

NNPC Ltd. signs partnership deal with China Engineering Corporation for power project funding

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a deal...

NNPC Ltd. to MURIC: Global market forces, not NNPC, drive petroleum product pricing

“NNPC Ltd. has no desire or intention to become the distributor for...

Akinkunmi, designer of Nigerian flag, laid to rest one year later

Mr. Taiwo Akinkunmi, the creator of the Nigerian flag, has been buried...

Ex-Gov. Tambuwal’s aide remanded in custody until Sept. 18 over social media posts on Sokoto Gov, wife

Following allegations of posting false claims about Gov. Ahmad Aliyu and his...

Kenya primary school fire: Dormitory destroyed, 17 pupils dead

At least 17 children died after a fire ripped through their primary...

Edo 2024: Appeal court upholds Ighodalo’s candidacy, dismisses Esene, Ojezua’s suit

The Court of Appeal in Abuja has dismissed an appeal by Arthur...

Emefiele’s forfeited assets: Court fixes Sept. 12 for hearing

Justice Deinde Dipeolu of the Lagos Federal High Court has set September...

Police take into custody suspected killer of abducted FUNAAB female student

The Lagos State Police Command says it has taken over the case...

Oyo Gov. Makinde’s associate abducted from his home in Ibadan

The Oyo State Police Command has confirmed the kidnapping of Mr. Benedict...

Just in: Two-storey building collapses in Kano, leaves two dead, others injured

The National Emergency Management Agency (NEMA) confirmed on Thursday that two lives...

China-Africa Summit: China’s Xi Jinping pledges $50bln to Africa, expands military ties

China’s President Xi Jinping says he has committed $50 billion in financial...

FG imposes emergency measures at Onne port over arms importation

Due to the ongoing problem of dangerous cargo, including weapons and ammunition,...

State police: NEC gives four states, FCT Sept. 9 deadline to submit reports

The National Economic Council (NEC) has given four states—Kwara, Sokoto, Kebbi, and...

Flood: NEC gives states ultimatum to submit inventory of destruction, reconstitute committee

The National Economic Council (NEC) meeting on Wednesday, presided over by Vice...

Detention: Okuama leaders institute legal action against DSS, Army, demand N200m damages

Two Okuama community leaders, who were among the six detained by military...

Just in: DSS spokesman, Afunanya, redeployed

The Department of State Services (DSS) national headquarters in Abuja has redeployed...

NBA offers pro bono legal support to #EndBadGovernance protesters

The Nigerian Bar Association (NBA) has pledged to provide pro bono legal...

Fuel price hike: Tinubu never betrayed NLC, Presidency blasts Ajaero

The Presidency has slammed the President of the Nigeria Labour Congress (NLC),...

Northern governors denounce Yobe violence, call for immediate justice

Mr. Muhammadu Yahaya, Chairman of the Northern States Governors’ Forum (NSGF) and...

Nigeria’s death row population hits 3,590 – NCoS

The Nigeria Correctional Service (NCoS) has disclosed that at least 3,590 inmates...