Dangote Petroleum Refinery has announced another round of price cuts for both diesel and aviation fuel, now priced at N940 and N980 per liter, respectively. This reduction follows closely on the heels of a previous price drop to N1,000 just two weeks ago.

Under this new pricing structure, customers purchasing five million litres or more from the refinery will benefit from the N940 per litre rate, while those buying one million litres or more will enjoy the N970 per litre rate.

Anthony Chiejina, the Head of Communication, emphasized that these adjustments align with the company's commitment to alleviating economic challenges in Nigeria. He highlighted a strategic partnership with MRS Oil and Gas stations, ensuring affordable fuel prices across their locations nationwide, with diesel priced as low as N1,050 per litre and aviation fuel at N980 per litre at major airports where MRS operates.

Chiejina also mentioned plans to extend this partnership to other major oil marketers, aiming to prevent retail buyers from facing inflated prices.

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This latest price reduction marks the third significant decrease in diesel prices within three weeks, down from N1,700–1,200 to N1,000 and now to N940 per litre, along with a reduction to N980 per litre for aviation fuel.

President Bola Tinubu commended Dangote for the initial price reduction, acknowledging it as a commendable business move.

Ajayi Kadiri, Director General of the Manufacturers Association of Nigeria, hailed Dangote Refinery's decision, highlighting its potential to positively impact the national economy. He emphasized the ripple effect on critical sectors like industry, transportation, logistics, and agriculture, foreseeing a reduction in the high inflation rate and a resurgence in business operations.