By Ade Iyamoye
Diesel importers are facing tough competition as Dangote Petroleum Refinery has slashed the price of diesel to ₦1,020 per litre, down from ₦1,075 per litre.
This marks the third consecutive price reduction since the refinery began production in January 2024, bringing diesel costs down from an initial ₦1,700 per litre.
The move provides significant relief for industries and manufacturers grappling with high operational costs.
Economic analyst Ken Ife revealed that the refinery absorbed over ₦10 billion to stabilize fuel prices during the yuletide, further tightening the squeeze on independent marketers.
With Dangote Refinery reshaping Nigeria’s energy landscape, the dominance of diesel importers appears increasingly uncertain.
