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    UK Court awards £20m Damages in favour of Nigeria against P&ID

    FG, States, LGs share ₦2.00 Trillion for month of July 2025

    SEC warns against investing with GVEST Global’s illegal schemes

    SEC warns against investing with GVEST Global’s illegal schemes

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    APGA candidates win Anambra by-elections

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    US deficit grows to US$291 billion in July – Reports

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    Conoil Plc reports 88.8% drop in profit to N900 million in H1 2025

    Brent crude oil price rise above $70 on OPEC projections

    OPEC+ agrees to increase oil production for September

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    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

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    CBN ends free ATM withdrawals for other banks’customers

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    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

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Dangote Refinery further reduces Diesel and Aviation fuel prices

Tuesday, 23 April 2024, 8:50 pm
in Business, Companies
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Dangote Refinery further reduces Diesel and Aviation fuel prices
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Dangote Petroleum Refinery has further reduced the prices of diesel and aviation fuel to ₦940 and ₦980 per litre, respectively.

Also read; Merger of Dangote Sugar with NASCON and Dangote Rice Limited suspended

The additional reduction is coming on the heels of a price reduction for diesel to ₦1,000 a couple of weeks ago.

Investogist reported earlier in April that the refinery had started selling diesel to local oil marketers at an agreed price of ₦1,225.00 per litre.

Mr Anthony Chiejina, The Refiners’ Head of Communication who announced the development in a statement, explained that the new price aligns with 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 an affordable price in all their stations, be it Lagos or Maiduguri. You can buy as low as 1 litre of diesel at ₦1,050 and aviation fuel at ₦980 at all major airports where MRS operates,” he said.

He further stated that the partnership would be extended to other major oil marketers. The essence of this is to ensure that retail buyers do not buy at exorbitant prices, he added.

The price change of ₦940 applies to customers buying five million litres and above from the refinery, while the price of ₦970 is for customers buying one million litres and above.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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