Nigeria’s Dangote Refinery reduces diesel price to N1, 000 per litre
By Eyo Nsima
The Dangote Petroleum Refinery has reduced the price of diesel to N1, 000 per litre, from N1, 200 per litre in order to make positive impact on Nigeria’s economy.
In a statement obtained by The Daily, www.thedaily-ng.com, the company, stated: “In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 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.
“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.”
Recently, Chairman of Dangote Group, Alhaji Aliko Dangote, said: “There’s quite a lot of improvement because, if you look at it here, one of the major issues that we’ve had was the narrow devaluation that has gone very aggressively up to about N1, 900.
“But right now we’re back to almost N1, 250 or N1, 300, which is a good improvement. And you can see quite a lot of things have actually gone up. Even people now when you go to the market, for example, something that we produce locally, like flour or whatever, people will charge you more.”
