…lauds Dangote for discount of N30 per litre for purchases exceeding five million litres

Oredola Adeola

President Bola Tinubu has lauded the remarkable initiative of Dangote Oil and Gas Limited for slashing the price of Automotive Gas Oil (diesel) from N1,650 to N1,000 per litre.

The President acknowledged that the reduction applies to a minimum purchase of one million litres of diesel, with an additional discount of N30 per litre for purchases exceeding five million litres.

Tinubu made this known in a statement released by Chief Ajuri Ngelale, Special Adviser to the President (Media & Publicity) on Wednesday.

According to the statement Dangote Group recently reviewed downwards the gantry price of AGO from N1,650 to N1,000 per litre for a minimum of one million litres of the product.

The Presidency also noted that the Group also provided a discount of N30 per litre for an offtake of five million litres and above.

The statement observed that the price review represents a 60 percent drop, which will, in no small measure, impact the prices of sundry goods and services.

President Tinubu therefore affirmed that Nigerians and domestic businesses are the nation’s surest transport and security to that glorious destiny of economic prosperity.

He further acknowledged the federal government’s 20 percent stake in Dangote Refinery, emphasizing why such partnerships between public and private entities are essential to advancing the overall well-being of the country.

The President further called on Nigerians and businesses to, at this time, put the nation in priority gear.

Tinubu also assured them of a conducive, safe, and secure environment to thrive.

Advisors Reports gathered that Dangote Petroleum Refinery announced a significant reduction in the price of diesel from 1,200 to 1,000 naira per litre.

This price drop has been in effect for the past three weeks, bringing relief to many Nigerians.

In addition to this, the Group has commenced the distribution of diesel via land and sea from the Dangote Petroleum Refinery in Lekki.

This move is expected to further ease the supply chain and ensure the availability of the product in the market.