June 15, 2024

Dangote Refinery makes clarification on N940 diesel price slash

Dangote Petroleum Refinery said its N940 per litre diesel price cut is only applicable to customers buying five million litres and above.

The Head of Communication, Mr Anthony Chiejina made the clarification in a statement on Tuesday, noting that N970 per litre is for customers buying one million and above.

DAILY POST reports that Dangote Refinery made its third diesel price cut to N940 and N970 per litre, respectively.

The company had earlier announced two price cuts which saw the price of diesel drop to N1,000 per litre from N1,600.

Recall that the entrance of Dangote Refinery into the sale of Automotive Gas Oil, AGO, had impacted the West Africa oil & gas industry.

On May 22 last year, the 650,000 barrels per day crude oil refinery was commissioned.

However, the facility is yet to commence the sale of fuel.

Standard and Poor’s Global Commodities said Dangote Refinery will commence the sale of fuel in the fourth quarter of 2024.


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