The price of diesel is going to fall because of the release of products from Dangote Refinery. In fact, it is already coming down in Lagos.”
By Saidu Idris
365Daily – Dangote Petroleum Refinery has commenced the sale of Automotive Gas Oil, popularly known as diesel, to oil marketers nationwide.
The refinery commenced diesel sales last week, according to officials and dealers of the plant.
According to the Punch, the National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, confirmed the development, saying, “They started pumping out diesel to marketers since last week. They also promised to sell aviation fuel soon. Some of my members confirmed this to me after making purchase.”
He was also quoted as saying the sales by Dangote would lead to a crash in N1700 diesel pump prices.
“The price of diesel is going to fall because of the release of products from Dangote Refinery. In fact, it is already coming down in Lagos,” Maigandi stated.
A senior management official of the firm confirmed the sale of diesel to marketers, as the source noted that Premium Motor Spirit, popularly called petrol, would soon be released to the market.
On January 12, 2024, Dangote refinery announced that it had commenced the production of Automotive Gas Oil, popularly called diesel, and aviation fuel or JetA1.
Aliko Dangote, in a statement issued by his firm at the time, said, “We thank President Bola Tinubu for his support and for making our dream come true. This production, as witnessed today, would not have been possible without his visionary leadership and prompt attention to detail.
“His intervention at various stages cleared all impediments, thereby accelerating the actualisation of the project. We also thank the NNPC, NUPRC, and NMDPRA for their support. These organisations have been our dependable partners in this historic journey.
“We also thank Nigerians for their belief and support in this project. We have started the production of diesel and aviation fuel, and the products will be in the market within this month once we receive regulatory approvals.”