NewsDangote Further Crashes Diesel, Aviation Fuel Prices To N940, N980

Dangote Further Crashes Diesel, Aviation Fuel Prices To N940, N980

April 23, (THEWILL)- Dangote Petroleum Refinery has announced a further reduction of the prices of Automotive Gas Oil (AGO), popularly called diesel, from N1,000 to N940 per litre and that of Aviation Fuel to N980 per litre

THEWILL reports that the crash of the prices of the products came just two weeks after the price of diesel was adjusted from N1,200 to N1,000 per Litre.

A statement issued by its spokesperson, Nduka Chiejina, said the new price is in consonance with the company’s commitment to cushion the effect of economic hardship in Nigeria.

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“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 prices, in all their stations be it Lagos or Maiduguri. You can buy as low as 1 litre of diesel at N940 and aviation fuel at N980 at all major airports where MRS operates.

“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 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 said.

Meanwhile, the Manufacturers Association of Nigeria (MAN), has hailed the Dangote Refinery over the latest development.

“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.”

“The trickledown effect of this singular intervention promises to change the dynamics in the energy cost equation of the country, in the midst of inadequate and rising cost of electricity.

“The reduction will have far-reaching effects in critical sectors like industrial operations, transportation, logistics, and agriculture, contributing to easing the high inflation rate in the country; a lot of companies will be back in operation”, MAN Director General, Ajayi Kadiri, said.

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