This business metrics page explain updates on how Dangote refinery reduces diesel prices to N940 per litre for marketers that will regularly buying from 5million litres and from his refinery between Lagos and Maduguri states.
The price change of N940 is applicable to customers buying five million litres and above from the refinery, while the price of N970 is for customers buying one million litres and above.
Mr. Anthony Chiejina:
The Head of Communication, Mr Anthony Chiejina, explained that the new price is in consonance with the company’s commitment to cushion the effect of economic hardship in Nigeria.
“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 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.”
He states that the partnership will be extended to other major oil marketers. “The essence of this is to ensure that retail buyers do not buy at exorbitant prices.
The Dangote Group is ensuring that Nigerians have a better welfare and as such, we are happy to announce this new prices and hope that it would go a long way to cushion the effect of economic challenges in the country.
This marks the third major reduction in diesel price in less than three weeks when the product sold at N1, 700 to N1, 200 and also a further reduction to N1,000 and now N940 for diesel and N980 for aviation fuel per litre.
President Bola Tinubu
The President of Federal Republic of Nigeria Mr. Bola Tinubu had also commended Mr. Dangote for the initial price reduction, describing it as an enterprising feat to Nigerian and to the world at large.
Mr Ajayi Kadiri
The Director General of the Manufacturers Association of Nigeria (MAN), Mr Ajayi Kadiri, said that “The decision of Dangote Refinery to first crash the price from about N1,750/litre to N1,200/litre, N1,000/litre and now N940 is an eloquent demonstration of the capacity of local industries to positively impact the fortunes of the national economy.