The Dangote Petroleum Refinery is set to commence sales of diesel to marketers today, Tuesday, April 2, 2024. The refinery has set a minimum sale volume of one million litres of Automotive Gas Oil (AGO) diesel per marketer. This information was disclosed by the national president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Alhaji Abubakar Maigandi, to The Nation on Tuesday.
This move is expected to have a considerable impact on the availability and price of diesel in the country. At the same time, the Nigerian National Petroleum Corporation (NNPC) has announced a reduction in petrol prices across the country.
The new prices are aimed at easing the burden on consumers and making fuel more affordable for the general public. This decision by the NNPC aligns with the government’s commitment to improving the welfare of its citizens. Dangote Refinery’s decision to sell diesel to marketers is a major milestone for the company, which is Africa’s largest oil refinery. The refinery is expected to significantly boost the supply of petroleum products in Nigeria and reduce the country’s reliance on imports. The refinery’s operations are also expected to have a positive impact on the economy by creating jobs and stimulating growth in related industries. Economists and industry experts have welcomed the news, with some predicting that the price of diesel per litre will fall below N1,000 by May. This is due to the commencement of diesel production at the Dangote Refinery, which will help to stabilize prices and improve the availability of the product.
The lower diesel prices are expected to have a positive impact on various sectors of the economy, including the transportation, manufacturing, and agricultural industries. The NNPC’s decision to reduce petrol prices nationwide is also a welcome development for consumers. The move is expected to ease the burden on households and businesses that rely on petrol for their daily activities. The reduction in petrol prices is part of the government’s efforts to ensure that fuel remains affordable for all Nigerians. The commencement of diesel sales by the Dangote Refinery and the reduction in petrol prices by the NNPC are significant developments for Nigeria’s energy sector. These moves are expected to have a positive impact on the economy by improving the availability of petroleum products and making them more affordable for consumers.
