In an unprecedented move that will benefit consumers throughout Nigeria, Dangote Petroleum Refinery has just announced a historic reduction in the price of diesel, dropping it from N1,200 to N1,000 per litre.
In response to the refinery’s recent offering of diesel at a significantly reduced price of N1,200 per litre three weeks ago, this new decision reflects a significant decrease of more than 30 percent from the previous market rate of about N1,600 per litre.
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.”
The substantial decrease in diesel costs is set to bring about extensive impacts, with the ability to ease the pressure of elevated inflation rates currently affecting the country.
