Dangote Reduces Diesel Price From N1,075 To N1,020 Per Litre

Dangote Petroleum Refinery has announced another reduction in the prices of diesel from N1,075 to N1,020.80 per litre.

The development comes weeks after the refinery reduced its ex-depot price for petrol to N890 per litre.

In a statement on Tuesday, the company said the move is to better serve its customers and Nigerians in general.

“Dangote Petroleum Refinery & Petrochemicals has reduced the cost of its diesel product to N1,020 per litre, down from N1,075 per litre at the gantry price, in an effort to better serve its customers and Nigerians in general.

“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 statement reads.

According to the company, the latest reduction of N55 per litre for diesel follows the revelation by Ken Ife, development economist and public policy analyst, that the refinery sacrificed over N10 billion to ensure the availability of petrol at a uniform price across the country during the yuletide period.

The statement said he praised the refinery for setting a new benchmark in Nigeria’s energy sector by unlocking vast opportunities for export revenue.