Dangote Petroleum Refinery has once again lowered the prices of diesel and aviation fuel to ₦940 and ₦980 per litre, respectively. This latest reduction follows the refinery’s previous price cut to ₦1,000 just two weeks ago.

The new pricing strategy introduces a rate of ₦940 for customers purchasing five million litres and above, while those buying one million litres and above will enjoy a rate of ₦970.

Mr. Anthony Chiejina, Head of Communication at Dangote Petroleum Refinery, announced the development, emphasizing the company’s commitment to easing economic challenges in Nigeria. He revealed a strategic partnership with MRS Oil and Gas stations to ensure affordable fuel prices nationwide, extending the offer to both diesel and aviation fuel.

“This partnership aims to prevent retail buyers from facing exorbitant prices,” Chiejina stated. “We are dedicated to improving the welfare of Nigerians, and these reduced prices reflect our ongoing efforts to make a positive impact amidst economic difficulties.”

This latest reduction marks the third significant decrease in diesel prices within three weeks, down from ₦1,700 to ₦1,200, then to ₦1,000, and now ₦940 per litre. Aviation fuel prices have also seen a reduction to ₦980 per litre.

President Bola Tinubu previously commended Dangote for its initial price reduction, lauding the move as a commendable feat. The Director General of the Manufacturers Association of Nigeria (MAN), Mr. Ajayi Kadiri, hailed Dangote Refinery’s continued reductions as evidence of the local industry’s positive impact on the economy. He highlighted the potential for reduced energy costs to benefit critical sectors such as industry, transportation, logistics, and agriculture, contributing to a decline in the country’s high inflation rate and facilitating the revival of dormant businesses.