Economy
Breaking: Dangote Increases Diesel-Prices Following Recent Naira-Depreciation
The Dangote Petroleum Refinery has increased the price of diesel from ₦940 per litre to ₦1,100 per litre, responding to the continuous depreciation of the Nigerian naira against the US dollar…CONTINUE READING
Ireporteronline had earlier reported that the Dangote refinery had reduced the diesel prices to ₦940/litre. This decision followed consultations with oil marketers and an initial price reduction from ₦1,200/litre to ₦1,000/litre on April 17.
This move indicates the refinery’s strategic adjustments in response to operational demands and market conditions.
In addition to the diesel price update, the refinery has announced its plans to commence the distribution of Premium Motor Spirit (PMS), commonly known as petrol, domestically starting next month.
This development is seen as a potential game-changer in reducing Nigeria’s dependency on imported petrol.
Oil marketers have reacted positively to the announcement, expressing hope that the refinery’s entry into the petrol market could lead to more competitive pricing.
“We anticipate that the price of petrol from Dangote will be lower than the current rates offered by NNPC, ideally around ₦500 per litre,” Maigandi remarked, highlighting the sector’s expectations for relief in fuel costs.
-
Latest News1 week agoBreaking Political Barriers: Okpebholo Names Enugu-born Igbo Leader to Edo Cabinet
-
Politics1 week agoTinubu Makes New Ambassadorial Appointments, Seeks Senate Confirmation
-
Latest News2 weeks agoBreaking: Okpebholo Backs Words With Action As Edo Moves To Establish Special Court For Cultism And Kidnapping Cases, Writes Chief Judge
-
Latest News4 days agoAPC Submits National Assembly Candidates’ Names To INEC Portal
-
Latest News1 week agoOjirami Shines at Night: Akoko-Edo Residents Hail Engr. Abubakar Momoh Over NDDC Solar Street Light Project
-
Latest News2 weeks agoBandits’ Captivity Death: Widow Rejects Illness Claims, Reveals What K!lled General Rabe
-
Sports7 days agoFull List: Every Team Eliminated From The 2026 World Cup So Far
-
Latest News5 days agoAPC Dismisses Viral List Of Primary Election Winners
-
Latest News2 days agoUzodimma, Fintiri, Abdurazaq, Other Governors Appear On APC NASS List
-
Politics2 weeks agoVIDEO: Shettima, Atiku, Masari, Governors Storm Special Prayer For Tinubu’s Late Mother
-
Latest News7 days agoShake-Up In Nigerian Army As COAS Redeploys Top Officers — Full List Emerges
-
Politics6 days agoRochas: “I Feel Sorry For Those Peter Obi Misled Into Wasting Money On NDC