Reduction of diesel cost by Dangote refinery will impact prices of goods -FG

 The federal government says the reduction in the cost of
automotive gas oil (AGO), also known as diesel, by Dangote refinery will impact
prices of goods in the country.

On April 16, the refinery announced a price reduction for
diesel, from N1,200 to N1,000 per litre.

The development comes days after Dangote refinery fixed the
minimum volume of diesel that can be purchased by oil marketers at one million
litres.

In a statement by Ajuri Ngelale, special adviser to the
president on media on Wednesday, President Bola Tinubu commended the refinery
over the reduction.

He said the price review signifies a significant 60 percent
decrease which will greatly affect the prices of various goods and services.

“The price review represents a 60 percent drop, which will,
in no small measure, impact the prices of sundry goods and services,” Tinubu
said.

The president said Nigerians and domestic businesses are the
nation’s surest transport and security towards achieving economic prosperity.

Citing the federal government’s 20 percent stake in Dangote
refinery, Tinubu emphasised the importance of such collaborations between
public and private sectors in advancing the country’s overall well-being.

Tinubu told Nigerians and businesses to prioritise the
nation at this moment while assuring them of a conducive, safe, and secure
environment to thrive.