Dangote Refinery Slashes Fuel Price to ₦970 Per Liter
Written by Olakunle Oke on November 24, 2024
In a move that is expected to bring significant relief to Nigerians, Dangote Refinery has announced a reduction in the price of fuel to ₦970 per liter. This development comes as the refinery, owned by Aliko Dangote, prepares to commence operations.
The price reduction is expected to have a positive impact on the economy, stimulating growth, creating jobs, and increasing access to energy. The move is also anticipated to lead to a decrease in the cost of food, transportation, and other essential services.
With a production capacity of 650,000 barrels of oil per day, the Dangote Refinery is poised to meet Nigeria’s fuel demands and potentially export to other countries. This increased capacity is expected to reduce the country’s reliance on fuel imports and stabilize the energy market.
The fuel price reduction by Dangote Refinery is a welcome development for Nigerians, who have been grappling with high fuel prices for several years. As the refinery commences operations, it is expected to bring about a new era of energy sufficiency and economic growth in Nigeria.
