Dangote Petroleum Refinery & Petrochemicals has announced a decrease in its diesel product price, reducing the gantry price by N55, from N1,075 to N1,020 per litre.
Gatekeepers News reports that the decision, communicated through a statement by Esan Sunday, the Head of Media Relations at Dangote Industries, is intended to provide financial relief to manufacturers and other customers.
This marks the third reduction in diesel prices since the refinery began production in January 2024. Additionally, the company supports the observation made by Economist Prof. Ken Ife, who highlighted that Dangote Petroleum Refinery has invested over N10 billion to maintain uniform petrol pricing across the country.
The statement read: ”Since it began diesel production in January 2024, the refinery has reduced the price of diesel more than three times, from an initial N1,700 per litre to the current rate, thus providing much-needed relief to manufacturers and consumers alike.
“The latest reduction of N55 per litre for diesel follows the revelation by Development Economist and Public Policy Analyst, Prof. Ken Ife, that the Dangote Petroleum Refinery sacrificed over N10 billion to ensure the availability of petrol at a uniform price across the country during the yuletide period. He also praised the refinery for setting a new benchmark in Nigeria’s energy sector by unlocking vast opportunities for export revenue.”
