Dangote Refinery Reduces Diesel Price To N940/Litre For Marketers

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Dangote Refinery’s management  has announced a further reduction in the price of Automotive Gas Oil (AGO) diesel from the N1000/litre earlier reported last week to N940/litre for customers buying 5 million litres and above from the refinery.

In a statement signed by the company’s Head of Communications, Mr. Anthony Chiejina the management maintained that the new price aligned with the goal of the company to ameliorate the effects of the prevailing economic hardship on the Nigerians other users of petroleum products in the country.

The company further clarified that customers buying one million litres of diesel and above would pay N970/litre while the price for aviation fuel was pegged at N980 per litre.

It stated: “Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively.

“The price change of N940 applies to customers buying five million litres and above from the refinery, while the price of N970 is for customers buying one million litres and above”, the company added.

Making further clarification on the pricing regime, on the development, Chiejina stated that the company already had a strategic partnership with MRS Oil from which AGO consumers can buy diesel at N1,050 per litre and aviation fuel at N980/litre in all its filling stations nationwide.

According to him, the partnership will soon be extended to other petroleum marketers across the country.

It would be recalled that since the Dangote refinery began petroleum products supply to marketers part of its plans was to make products’ prices cheaper for marketers and has crashed the price of diesel from around N1,500 per litre then to the current low price.

For instance, the Chairman of the Dangote Group, Aliko Dangote had earlier noted that the intent of the company was to reduce the price of diesel to complement the government’s measures aimed at moderating the surging  inflation rate in the country.

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