May 30, 2024

Tinubu praises Dangote over diesel price review


Ilenre Irele

President Bola Tinubu has praised the patriotism of the Dangote Oil and Gas Limited in reducing the price of Automotive Gas Oil (AGO), also known as diesel.

Recall that the company 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.
It also provided a discount of N30 per litre for an offtake of five million litres and above.

The price review stands for a 60 per cent drop, which will, in no small measure, impact the prices of sundry goods and services.

The president noted 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.

He implored 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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