Dangote Petroleum Refinery has once more reduced diesel prices, now down to N1,000 per litre from N1,200, as part of its strategy to counteract Nigeria’s escalating inflation rates.
This latest reduction follows a previous price cut three weeks ago, marking a significant decrease of over 30% from the original price of N1,600 to N1,200 per litre.
The refinery views this decision as a strategic maneuver aimed at positively impacting the nation’s economy and ultimately curbing the high inflation rate.
Devakumar Edwin, the Executive Director of the Dangote Group, highlighted the refinery’s robust output capabilities during an interview with reporters. He emphasized that the refinery has ample quantities of diesel and aviation jet fuel, with ships lining up for loading operations.
The announcement comes shortly after Olatunbosun Oyintiloye, an APC chieftain in Osun State, urged President Bola Tinubu to address what he perceives as excessively high diesel prices at the Dangote Petroleum Refinery. Oyintiloye argued that as a domestically produced commodity, diesel prices should be substantially lower than imported counterparts.
