Dangote crashes price of diesel to N1000 per litre

The Dangote Petroleum Refinery Company has announced a reduction in the price of diesel from N1,200/litre to N1,000/litre.

The new price regime was contained in a statement issued on Tuesday night by the spokesperson of the refinery, Tony Chiejina.

The statement read in part, “In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1,200 to N1,000/litre.

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

Oil marketers had in the last few days urged the refinery to reduce its diesel price.