Dangote Crashes Diesel Price To ₦‎1,000 Per Litre

In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1200 to 1,000 Naira per litre.

While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent reduction from the previous market price of about N1,600 per litre.

The refinery stated that “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.”

Recall that Tribune Online, in an exclusive report on Thursday, revealed that indigenous ship owners were not part of the number of vessels that have lined up at the Dangote Refinery to load diesel and aviation fuel.

Speaking exclusively with the Tribune Online, President of SOAN, Mr Sunny Eja, said, “My members are not involved in the product lifting currently taking place at the Dangote Refinery. We are still engaging with various stakeholders to see how we can participate.

However, the Executive Director of the Dangote Group, Devakumar Edwin, earlier in an interview with newsmen, was quoted to have said “We have substantial quantities. Products are being evacuated both by sea and road. Ships are lining up one after another to load diesel and aviation jet fuel. Ships load a minimum of 26 million litres, though we try to push for 37 million litres vessels, for ease of operations.”