Dangote Petroleum Refinery has implemented another round of price cuts for diesel and aviation fuel, reducing them to N940 and N980 per litre, respectively. This move is poised to provide a substantial reprieve to businesses grappling with escalating operational costs amidst challenging economic conditions.
The persistently high cost of diesel, a vital fuel for generators and transportation, has posed a significant challenge for numerous companies. Likewise, the expensive nature of aviation fuel has constrained profit margins for airlines, amplifying travel expenses for passengers.
According to Dangote Petroleum Refinery, the revised pricing structure sees diesel priced at N940 per litre for customers purchasing five million litres or more, while those buying one million litres or more will pay N970 per litre. This adjustment follows closely on the heels of the refinery’s recent reduction to N1,000 per litre just a fortnight ago.
Anthony Chiejina, the company’s head of communication, emphasized that this initiative is in line with Dangote’s commitment to alleviating economic hardships in Nigeria. Additionally, a strategic partnership with MRS Oil and Gas stations has been forged to ensure nationwide accessibility to affordable fuel prices. As part of this collaboration, diesel will be available for as low as N1,050 per litre, with aviation fuel priced at N980 at major airports.
Chiejina further highlighted that this partnership will extend to other major oil marketers, safeguarding retail buyers from exploitative pricing practices.
The move underscores Dangote’s dedication to enhancing the welfare of Nigerians and its optimism that these price reductions will alleviate economic pressures across the nation. Notably, this marks the third significant reduction in diesel prices in less than three weeks, signaling Dangote Petroleum Refinery’s unwavering commitment to providing accessible fuel options amid prevailing economic challenges.
Dangote Petroleum Refinery’s decision to slash prices for diesel and aviation fuel underscores its proactive approach in supporting businesses and consumers amidst a challenging economic landscape. As stakeholders welcome these price reductions, the move is poised to stimulate economic activities and alleviate financial burdens across various sectors in Nigeria.
Credit: Businessday NG (Text Excluding Headline)
