Dangote Petroleum Refinery has announced a substantial reduction in the price of Automotive Gas Oil, commonly known as diesel, from N1,200/litre to N1,000/litre.

The announcement, made via a statement by the company’s spokesperson, Tony Chiejina, on Tuesday, marks a significant move aimed at easing economic burdens for consumers across the nation.

The statement highlights the refinery’s commitment to fostering economic growth, stating, “In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1,200 to N1,000/litre.”

Dangote Petroleum Refinery had previously initiated a price reduction, supplying diesel at N1,200/litre three weeks ago, representing a remarkable 30% decrease from the prevailing market rate of approximately N1,600/litre.

This latest reduction is anticipated to have far-reaching positive impacts on various sectors of the economy, potentially contributing to a decrease in the country’s high inflation rate.