In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1200 to 1,000 Naira per litre.

While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent reduction from the previous market price of about N1,600 per litre.

The refinery stated that “this significant reduction in the price of diesel, at Dangote Petroleum Refinery, is expected to positively affect all the spheres of the economy and ultimately reduce the high inflation rate in the country.”

Recall that Tribune Online, in an exclusive report on Thursday, revealed that indigenous ship owners were not part of the number of vessels that have lined up at the Dangote Refinery to load diesel and aviation fuel.

Speaking exclusively with the Tribune Online, President of SOAN, Mr Sunny Eja, said, “My members are not involved in the product lifting currently taking place at the Dangote Refinery. We are still engaging with various stakeholders to see how we can participate.

However, the Executive Director of the Dangote Group, Devakumar Edwin, earlier in an interview with newsmen, was quoted to have said “We have substantial quantities. Products are being evacuated both by sea and road. Ships are lining up one after another to load diesel and aviation jet fuel. Ships load a minimum of 26 million litres, though we try to push for 37 million litres vessels, for ease of operations.”

Source: https://tribuneonlineng.com/dangote-crashes-diesel-price-to-n1000-per-litre/

Sell at 700 naira

No be them hike am before .... hiss

By God grace the price will crash more, we are really suffering in this country God help us

In like 1 month time, the price difference should reflect properly at filling stations across the country for diesel.

Even with their markup and everything, diesel should sell between 1000 and 1150 across the country.

We still want it to come down more to ease the inflation a bit.

We should expect even more reduction in the price when the port Harcourt refinery kick starts.

Ok seen

burp18:
We should expect even more reduction in the price when the port Harcourt refinery kick starts.

It depends on the capacity of the refinery.

The one they are trying to bring up with do 60,000 bpd.

LegendHero:


It depends on the capacity of the refinery.

The one they are trying to bring up with do 60,000 bpd.

Still, It could drive down the price down as it becomes more available.

burp18:
We should expect even more reduction in the price when the port Harcourt refinery kick starts.

You mean the refinery they promised us would come up almost a month ago?

You guys called PDP evil party and shouted GEJ must go when diesel was 250.

But you're here celebrating N1000 and you call yourselves patriotic NIGERIANs? Lmao

This is exactly what I said in an earlier topic when manufacturers were complaining that Diesel was taking up 80% of their profit
I clearly pleaded that Government should look at working with Dangote to reduce the price to 1000 naira as the economic activities in Nigeria were run on Diesel
I want to appreciate Dangote for being a patriot and listening to the voice of reason,just like Allen Onyeama who crashed the price of flight tickets,they have shown that there are still empathetic capitalist in Nigeria

Big things are happening in Ibeju Lekki and you can still invest by clicking on my signature below to start the digital journey into owning property

The God times are surely coming back,one sector at a time

N1000?

He is maad

As naira gains strength the price will continue to fall

Lizzysamuel:


You mean the refinery they promised us would come up almost a month ago?

I understand your point but i choose to be optimistic. Things will turn around for the better soon.

burp18:
Still, It could drive down the price down as it becomes more available.

Yes it will to an extent.

Lizzysamuel:


You mean the refinery they promised us would come up almost a month ago?

Nigeria is a place where things drag a bit after the publication of commissioning.

So for Porthacort refinery, I am giving them the benefit of the doubt that it will definitely start production in few months. Fingers crossed.

—Lagos Blue rail (Came to fruition after some months)
—Dangote Refinery (came to fruition after some months of delay)
—Aba supposed 24/7 power (never happened yet)
—Lagos Red Rail (Commisioned, awaiting the start)

Tinubu media crew pls... Tell mr president about the high inflation rate in the country

Kenochi:
This is exactly what I said in an earlier topic when manufacturers were complaining that Diesel was taking up 80% of their profit
I clearly pleaded that Government should look at working with Dangote to reduce the price to 1000 naira as the economic activities in Nigeria were run on Diesel
I want to appreciate Dangote for being a patriot and listening to the voice of reason,just like Allen Onyeama who crashed the price of flight tickets,they have shown that there are still empathetic capitalist in Nigeria

Big things are happening in Ibeju Lekki and you can still invest by clicking on my signature below to start the digital journey into owning property

The God times are surely coming back,one sector at a time

That's the spirit: criticize when necessary and eulogize when due.
You are the kind of patriot we are talking about!

Is that what's reflecting on the pump price?

What will now happen to evil Aishat Yesuf and her obedient followers

They have swore never to see a better Nigeria
They are the evil spirit behind Nigeria economy downfall

Beautiful development....

Food prices should crash ASAP

Obidient has a different thing to say.
No wonder some people call them bitter Obi

Allthelight:
Tinubu media crew pls... Tell mr president about the high inflation rate in the country

Most of the people refusing to drop price of imported goods are Peter obi fans.

KingKO22:
What will now happen to evil Aishat Yesuf and her obedient followers

They have swore never to see a better Nigeria
They are the evil spirit behind Nigeria economy downfall

I'm watching you

forgiveness:
Sell at 700 naira

honestly I am praying hard for it.

You guys are shameless!

You chased PDP for diesel around N250 but celebrating N1000.


APC is a satanic party!

LegendHero:
In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1200 to 1,000 Naira per litre.

While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent reduction from the previous market price of about N1,600 per litre.

The refinery stated that “this significant reduction in the price of diesel, at Dangote Petroleum Refinery, is expected to positively affect all the spheres of the economy and ultimately reduce the high inflation rate in the country.”

Recall that Tribune Online, in an exclusive report on Thursday, revealed that indigenous ship owners were not part of the number of vessels that have lined up at the Dangote Refinery to load diesel and aviation fuel.

Speaking exclusively with the Tribune Online, President of SOAN, Mr Sunny Eja, said, “My members are not involved in the product lifting currently taking place at the Dangote Refinery. We are still engaging with various stakeholders to see how we can participate.

However, the Executive Director of the Dangote Group, Devakumar Edwin, earlier in an interview with newsmen, was quoted to have said “We have substantial quantities. Products are being evacuated both by sea and road. Ships are lining up one after another to load diesel and aviation jet fuel. Ships load a minimum of 26 million litres, though we try to push for 37 million litres vessels, for ease of operations.”

Source: https://tribuneonlineng.com/dangote-crashes-diesel-price-to-n1000-per-litre/

Say what!

This is commendable, further slash in the price is achievable.
The government should take a firm position on those extorting Nigeria.

How about the price of cement, Alh Aliko?

In the coming weeks, price of diesel will surely come down to about 600-700

Diesel was sold aroud 800 naira January 2023.

burp18:
I understand your point but i choose to be optimistic. Things will turn around for the better soon.

Optimism drives no nation to growth.

tollyboy5:

Most of the people refusing to drop price of imported goods are Peter obi fans.

Lmao. This one don mad

What are you celebrating? Dangote deals with wholesalers or major distributors. If he sells at 1k to them, how much will they sell to retailers and how much will retailers sell to final consumers. Las Las price will still come up to 1400 or 1500. Outside lagos 1700 or 1800. So what are we celebrating