Business News

Dangote Reduces Diesel and Aviation Fuel Prices to N940, N980

Aliko Dangote

Dangote Petroleum Refinery announced on Tuesday a further reduction in the prices of diesel and aviation fuel to N940 and N980 per liter, respectively.

This price cut follows a celebrated decrease to N1,000 just two weeks prior.

Customers purchasing five million liters or more from the refinery will benefit from the N940 price for diesel, while those buying one million liters and above will see aviation fuel at N970.

Head of Communication Mr. Anthony Chiejina stated that the price changes reflect the company’s dedication to mitigating economic hardship in Nigeria.

Dangote Petroleum Refinery has partnered with MRS Oil and Gas stations to offer diesel at N1,050 and aviation fuel at N980 per liter at all major airports where MRS operates.

Chiejina mentioned that this collaboration would expand to include other major oil marketers, ensuring retail buyers avoid high prices.

Dangote Group remains committed to improving the welfare of Nigerians and hopes these new prices help ease economic challenges. This marks the third major reduction in diesel prices in under three weeks, initially dropping from N1,700 to N1,200, then to N1,000, and now N940 for diesel and N980 for aviation fuel.

President Bola Tinubu praised Dangote’s earlier price cut, calling it an “enterprising feat.”

Director General of the Manufacturers Association of Nigeria, Mr. Ajayi Kadiri, highlighted that Dangote Refinery’s price reductions demonstrate local industries’ ability to positively influence the national economy.

He also noted that the reductions would impact key sectors such as industrial operations, transportation, logistics, and agriculture, helping ease the country’s high inflation rate and bringing many companies back into operation.

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