President Bola Tinubu commends the enterprising feat of Dangote Oil and Gas Limited in reducing the price of Automotive Gas Oil (AGO), also known as diesel.
The group recently reviewed downwards the price of diesel from N1,200 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 percent drop, which will, in no small measure, impact the prices of sundry goods and services, Ajuri Ngelale, a Special Adviser to the President said on Wednesday in a statement.
“The President affirms 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 percent 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 statement said.
“The President calls 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.”
