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Dangote Refinery has announced the reduction of diesel prices, offering relief to transport and industrial usersMarket data shows that the latest cut reflects efforts to align domestic fuel pricing with global market trendsDepot owners are now expected to adjust prices to stay competitive with Dangote refinery
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Dangote Petroleum Refinery has reduced the price of Automotive Gas Oil (diesel) at the gantry by N100 to N1,600, providing much-needed hope for a drop in transport, logistics and manufacturing costs in Nigeria.
The latest adjustment follows an earlier reduction of petrol prices by N75 for marketers.
Diesel now cheaper as Dangote Refinery reduces price to N1,600 per litre Photo: BloombergSource: Getty Images
Petroleumprice.ng reports that the fall in prices is in line with a recent decline in global crude oil benchmarks following an
