Naira Increases Dangote Diesel To N1,100/Litre.

Naira Increases Dangote Diesel To N1,100/Litre.


Price of Automotive Gas Oil, popularly called diesel, produced by the Dangote Petroleum Refinery has increased from N940/litre to N1,100/litre due to the crash of the naira against the United States dollar.

This is coming after the Dangote refinery declared a further reduction in the prices of diesel and aviation fuel to N940/litre and N980/litre respectively.

In about a week, the multi-billion dollar facility again announced another reduction in the price of AGO but noted at the time that the change was only applicable to dealers purchasing up to five million litres of diesel and above.

Oil marketers said, the hike in diesel price by the $22 billion dollars’ worth refinery located in Epe, Lagos, and referred it to the recent southward movement of the naira against the dollar.

The apex bank in March said, it had successfully resolved all valid foreign exchange backlogs, as pledged by the CBN Governor, Olayemi Cardoso, while, addressing inherited claims amounting to $7 billion dollars.

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