Dangote Refinery Gives Update On Diesel Price Reduction

Dangote Petroleum Refinery said its N940 per litre diesel price cut is only applicable to customers buying five million litres and above. The Head of Communication, Mr Anthony Chiejina made the clarification in a statement on Tuesday, noting that N970 per litre is for customers buying one million and above. Dangote Refinery made its third diesel price cut to N940 and N970 per litre, respectively. The company had earlier announced two price cuts which saw the price of diesel drop to N1,000 per litre from N1,600. Recall that the entrance of Dangote Refinery into the sale of Automotive Gas Oil, AGO, had impacted the West Africa oil & gas industry. On May 22 last year, the 650,000 barrels per day crude oil refinery was commissioned. However, the facility is yet to commence the sale of fuel. Standard and Poor’s Global Commodities said Dangote Refinery will commence the sale of fuel in the fourth quarter of 2024.

Again, Dangote reduces diesel, aviation fuel prices 

Dangote Petroleum Refinery has once more announced a further crash in the prices of diesel and aviation fuel to N940 and N980 per litre, respectively. This comes in the wake of its widely celebrated price crash to N1,000 barely two weeks ago. The new price of N940 is applicable to customers buying five million litres and above from the refinery, while N970 is for customers buying one million litres and above. While speaking on the new development, the Head of Communication, Dangote Group, Anthony Chiejina, pointed out 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,” Chiejina said. He added 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 committed to ensuring that Nigerians have a better welfare and as such, we are happy to announce these new prices and hope that it would go a long way to cushion the effect of economic challenges in the country,” he stated.