Business

Dangote Further Crashes Diesel, Aviation Fuel Prices To N940, N980

The reduced price of N940 is applicable to customers purchasing five million litres.

By Paul Tuama

Dangote Petroleum Refinery has once again announced a further decrease in the prices of both diesel and aviation fuel, now at N940 and N980 per litre, respectively. This follows closely on the heels of its recently celebrated reduction to N1,000 just two weeks ago.

The reduced price of N940 is applicable to customers purchasing five million litres and above from the refinery, while the price of N970 applies to customers buying one million litres and above.

In addressing this latest development, Mr. Anthony Chiejina, the Head of Communication, emphasized that the new pricing aligns with the company’s commitment to alleviating the economic challenges faced in Nigeria.

Chiejina said, “I can confirm to you that Dangote Petroleum Refinery has entered a strategic partnership with MRS Oil and Gas stations, to ensure that consumers get to buy fuel at affordable price, in all their stations be it Lagos or Maiduguri. You can buy as low as 1 litre of diesel at N1,050 and aviation fuel at N980 at all major airports where MRS operates.”

He further stated that the partnership will be extended to other major oil marketers. 

“The essence of this is to ensure that retail buyers do not buy at exorbitant prices. The Dangote Group is committed to ensuring that Nigerians have a better welfare and as such, we are happy to announce these new prices and hope that it would go a long way to cushion the effect of economic challenges in the country,” he added.

As a reminder, the management of Dangote Petroleum Refinery recently announced another price cut for diesel, lowering it from N1200 to N1,000 per litre just two weeks ago. This represents the third significant reduction in diesel prices within less than three weeks. Initially, the product was sold between N1,700 to N1,200 per litre, then reduced to N1,000, and now to N940, alongside a reduction in aviation fuel to N980 per litre.

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