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Dangote slashes diesel, aviation fuel prices to N940, N980

Dangote Refinery

Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively. 

This is sequel to the earlier price reduction to N1,000 a while ago.

According to the management, the price change of N940 is applicable to customers buying five million litres and above from the refinery, while the price of N970 is for customers buying one million litres and above.

 The Head of Communication, Mr Anthony Chiejina, explained that the new price is a testament to the company’s commitment to cushion the effect of economic hardship in Nigeria.

“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 said.

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.

Barely two weeks ago, Dangote refinery announced a reduction in the price of automotive gas oil (AGO), also known as diesel, to ₦1,000 per litre.

“In an unprecedented move, Dangote Petroleum Refinery has announced further reduction of the price of diesel to from 1200 to 1,000 naira per litre,” it said.

“While rolling out the products, the refinery supplied at a substantially reduced price of ₦1,200 per litre three weeks ago, representing over 30 per cent reduction from the previous market price of about ₦1,600 per litre.

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