Dangote Refinery reduces diesel price by 60% to N1,000/litre, but decrease has not reached fuel stations due to old stocks.

Dangote Refinery reduced diesel prices from N1,650 to N1,000 per litre, but the price reduction has yet to reflect at fuel stations due to marketers still having old stocks, according to the Independent Petroleum Marketers Association of Nigeria (IPMAN). President Bola Tinubu commended Dangote Oil and Gas for the price reduction, which represents a 60% drop and could impact the prices of various goods and services.

April 20, 2024
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