Dangote Petroleum Refinery has taken another significant step to address the soaring inflation rates in Nigeria by further reducing diesel prices, from N1,200 to N1,000 per litre.
This recent price cut follows a previous adjustment made three weeks ago when the refinery initially lowered diesel prices by over 30%, bringing them down from N1,600 to N1,200 per litre.
The refinery described this decision as a strategic move aimed at positively impacting the economy and contributing to the reduction of high inflation rates in the country.
During an interview with newsmen, the Executive Director of the Dangote Group, Devakumar Edwin, emphasized the refinery’s robust output capabilities.
“We have substantial quantities. Products are being evacuated both by sea and road. Ships are lining up one after another to load diesel and aviation jet fuel. Ships load a minimum of 26 million litres, though we try to push for 37 million litres vessels, for ease of operations,” Edwin stated.
The announcement comes in response to recent calls for action regarding diesel prices at the Dangote Petroleum Refinery. Olatunbosun Oyintiloye, an APC chieftain in Osun State, urged President Bola Tinubu to address what he described as excessively high diesel prices.
Speaking at a press conference in Osogbo, Oyintiloye emphasized that as a domestically produced commodity, diesel prices should be significantly lower than those of imported counterparts.
