In a significant move that could ease economic pressure on businesses and consumers, Dangote Refinery has announced a reduction in the price of diesel. The price has been slashed by N55 per litre, bringing the new cost down to N1,020 per litre.
The announcement was made via Nigerian Stories’ official X handle, sparking widespread reactions from industry players and the general public. The price adjustment comes at a time when businesses and transport operators are grappling with rising fuel costs, which have contributed to inflationary pressures across various sectors.
While the refinery has not disclosed the specific reasons behind the price cut, industry analysts believe it may be part of a broader strategy to stabilize domestic fuel prices and counteract the volatility in global crude oil markets.
This move is expected to provide some relief to logistics companies, manufacturers, and everyday consumers who depend on diesel for transportation and power generation. Many observers are now keen to see whether this reduction will trigger a ripple effect across the energy market, leading to further cuts in fuel prices.
As Nigeria continues its journey toward energy self-sufficiency, the latest development underscores Dangote Refinery’s growing influence in the country’s oil and gas sector.
Stay tuned for more updates on this developing story.
PIONEER NEWS 