Home Business Oil & Gas Tinubu hails Dangote for slash in diesel price

Tinubu hails Dangote for slash in diesel price

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President Bola Tinubu has commended the enterprising feat of Dangote Oil and Gas Limited in reducing the gantry price of Automotive Gas Oil (AGO) – better known as diesel.

The Group recently reviewed downwards the gantry price of AGO from N1,650 to N1,000 per litre for a minimum of one million litres of the product, as well as providing a discount of N30 per litre for an offtake of five million litres and above. The price review represents a 60 per cent drop, which will, in no small measure, impact the prices of sundry goods and services.

According to a statement on Wednesday by the presidential spokesperson, Chief Ajuri Ngelale, President Tinubu affirmed that Nigerians and domestic businesses are the nation’s surest transport and security to that glorious destiny of economic prosperity, noting the Federal Government’s 20 per cent stake in Dangote Refinery and why such partnerships between public and private entities are essential to advancing the overall well-being of the country.

The President called on Nigerians and businesses to, at this time, put the nation in priority gear while assuring them of a conducive, safe, and secure environment to thrive.

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