Dangote slashes diesel price to N1000 per litre
A price drop for diesel has been announced by the Dangote Petroleum Refinery Company, from N1,200 per litre to N1,000 per litre.
Refinery spokesperson Tony Chiejina released a statement on Tuesday night that included the revised pricing structure.
The statement read in part, “In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1,200 to N1,000/litre.
“While rolling out the products, the refinery supplied at a substantially reduced price of N1,200/litre three weeks ago, representing over 30 per cent reduction from the previous market price of about N1,600/litre.
“This significant reduction in the price of diesel at Dangote Petroleum Refinery is expected to positively affect all the spheres of the economy and ultimately reduce the high inflation rate in the country.”
Over the past three days, oil marketers had pushed the refinery to lower the price of diesel.
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