Dangote Refinery offers relief with N865 fuel

In a significant move following the Federal Government’s Naira-for-Crude agreement with local refineries, Dangote Refinery has announced a reduction in the price of fuel to N865 per litre.

This marks a N15 drop from the previous price of N880 per litre, which was in effect as of Wednesday.The refinery management communicated the price adjustment to customers in a notice sent out on Thursday morning.

Chinedu Ukadike, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, had earlier assured the public that such a price reduction would follow the Federal Executive Council’s directive regarding the Naira-for-Crude initiative.

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Ukadike highlighted that this agreement is expected to stabilize petrol prices in the country while benefiting local refineries and consumers alike.

The price reduction is seen as a relief for consumers struggling with high fuel costs and is expected to positively impact businesses and households that rely heavily on petrol for daily operations.

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