April 17, (THEWILL) – President Bola Tinubu has commended the enterprising feat of Dangote Oil and Gas Limited in reducing the gantry price of Automotive Gas Oil (AGO), also known as diesel.
THEWILL reports that Dangote Refinery on Tuesday announced a further reduction in the pump price of Diesel from N1,200 to N1,000 per Litre. Earlier the Group had slashed the pump price of the product from N1,650 to N1,200.
“The Group recently reviewed downwards the gantry price of AGO from N1,650 to N1,000 per litre for a minimum of one million litres of the product, as well as providing a discount of N30 per litre for an offtake of five million litres and above”, President Tinubu noted in a statement issued on Wednesday through his Special Adviser on Media and Publicity, Ajuri Ngelale.
According to the President, the price review represents a 60 percent drop, “which will, in no small measure, impact the prices of sundry goods and services.”
President Tinubu affirms that “Nigerians and domestic businesses are the nation’s surest transport and security to that glorious destiny of economic prosperity, noting the federal government’s 20 percent stake in Dangote Refinery and why such partnerships between public and private entities are essential to advancing the overall well-being of the country.”
The President calls on Nigerians and businesses to, at this time, put the nation in priority gear while assuring them of a conducive, safe, and secure environment to thrive.
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