16 April 2024 |
8:53 pm
In a groundbreaking development for consumers across Nigeria, Dangote Petroleum Refinery has made a historic announcement by further reducing the price of diesel from ₦1,200 to ₦1,000 per litre. This move comes in the wake of the refinery’s recent introduction of diesel at a remarkably discounted rate of ₦1,200 per litre just three weeks ago.…
A section of the Dangote Refinery in Lagos.
In a groundbreaking development for consumers across Nigeria, Dangote Petroleum Refinery has made a historic announcement by further reducing the price of diesel from ₦1,200 to ₦1,000 per litre.
This move comes in the wake of the refinery’s recent introduction of diesel at a remarkably discounted rate of ₦1,200 per litre just three weeks ago. This reduction represents a substantial decrease of over 30 per cent from the prevailing market price, which hovered around ₦1,600 per litre.
The significant reduction in diesel prices is poised to have far-reaching effects, and has the potential to alleviate the burden of high inflation rates currently plaguing the nation.
The decision to lower diesel prices underscores Dangote Petroleum Refinery’s dedication to fostering economic growth and affordability for Nigerians. By providing access to essential fuels at more affordable rates, the refinery aims to stimulate various industries, facilitate smoother transportation logistics, and ultimately contribute to overall economic stability.
This move is expected to bring relief to consumers and businesses alike, offering a ray of hope amidst economic challenges. With the reduction in diesel prices, Nigerians can anticipate a positive ripple effect across diverse sectors, from agriculture to manufacturing, and beyond.
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