Dangote Refinery reduces fuel, diesel prices

Respite appears to beryllium connected the mode for Nigerians arsenic the Dangote Refinery has reduced its gantry premium centrifugal tone and automotive state lipid prices.

The spokesperson of Dangote Group, Anthony Chijiena, confirmed this to DAILY POST on Saturday.

Accordingly, the 650,000-per-day refinery reduced its petrol to N1,250 per liter from N1,275, portion the diesel terms was adjusted to N1,700 per liter from N1,800.

“We person reduced our PMS terms from N1275 to N1250 per litre and AGO from N1,800 to N1,700 per litre,”  he told DAILY POST exclusively.

This means that the $20 cardinal mega refinery reduced its substance and diesel prices by N25 and N10, respectively.

The downward terms accommodation would bespeak connected the existent retail prices of substance and diesel nationwide, which stood astatine N1350 and N1,370 (petrol) and supra N2000 (AGO).

The improvement comes amid declining crude lipid prices, which dropped to $91 and $87 per tube for Brent and West Texas Intermediate crude, respectively.

Dangote Refinery reduces fuel, diesel prices