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Dangote Refinery reduces diesel price

  • Dangote Refinery announced a reduction in diesel price from N1,075 to N1,020 per litre on Tuesday, aiming to better serve customers and Nigerians in general.
  • Since starting diesel production in January 2024, Dangote Refinery has cut diesel prices more than three times, providing relief to manufacturers and consumers alike.
  • The latest N55 per litre reduction follows Ken Ife's statement that the refinery sacrificed over N10 billion to maintain uniform petrol prices during the holiday period.
  • The refinery, processing 350,000 barrels per day, aims to reach full capacity of 650,000 barrels by year-end and has begun supplying various fuels to marketers across Nigeria.
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Business Hallmark broke the news in on Monday, February 10, 2025.
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