The President of Federal Republic of Nigeria Bola Ahmed Tinubu has commended the Dangote Oil and Gas Limited for reducing the price of Automotive Gas Oil, AGO, also known as diesel.
Diesel is mostly used in large quantity in Nigeria by industries and articulated vehicles for transporting goods across the country.
A reduction in the price of diesel will subsequently affect the prices of goods and services across board and reduce the current skyrocketing prices in the country.
Dangote recently reviewed downwards the 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 President in a statement issued by his Special Advisor on Media and Publicity Ajuri Ngelale, said that the federal government has 20 per cent stake in Dangote Refinery.
He said that the President noted the significance of partnership between the public and private entities in advancing the overall well-being of the country.
Mr Ngelale said that the President called on Nigerians and businesses to put the nation in priority gear while assuring them of a conducive, safe, and secure environment to thrive.
Source: https://energynewsafrica.com