Tinubu Lauds Dangote Oil for Slashing Diesel Price, Foresees Economic Relief

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President Bola Tinubu has praised Dangote Oil and Gas Limited for slashing the price of Automotive Gas Oil (diesel), which he says will herald economic relief for Nigeria.

Special Adviser to the President on Media and Publicity, Ajuri Ngelale made this known in a statement in Abuja on Wednesday

Diesel, predominantly used by industries and haulage vehicles for nationwide goods transportation, plays a central role in Nigeria’s economy. The reduction in diesel price is therefore poised to ripple across sectors, potentially reducing the current surge in prices nationwide.

Dangote recently announced a substantial price adjustment, lowering the price of AGO from N1,650 to N1,000 per litre for purchases of one million litres or more. Also a discount of N30 per litre is provided for purchases exceeding five million litres.

Ngelale stated that this reduction marks a significant 60 per cent drop in price, and will be a relief for consumers and businesses alike.

President Tinubu says the pivotal role of Nigerians and domestic businesses will help to propel the nation towards economic prosperity.

With the federal government holding a 20 per cent stake in Dangote Refinery, Tinubu stressed the importance of more public-private partnerships in fostering national well-being.

While he encourages Nigerians and businesses to prioritize national interests, Tinubu assured them of a conducive, safe, and secure environment for growth and prosperity.

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