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Commodity: diesel price falls

17/04/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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In a press release published on Tuesday, April 16, the Dangote refinery announced a reduction in the price of diesel from 1,200 N to 1,000 N per liter.

The Dangote Refinery said that the significant reduction in the price of diesel should positively affect all spheres of the economy and, ultimately, reduce the rate high inflation in the country. When deploying the products, the refinery provided a significantly reduced price of 1,200 N/liter three weeks ago, which represents a reduction of more than 30% compared to the previous market price of around 1,600 N/liter. The company said the refinery received six million barrels of crude oil in its two SPMs located 25 kilometers from shore

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