News

April 17, 2024

Tinubu commends Dangote Group over new gantry price of diesel

ActionAid hails Tinubu over suspension of 0.5 per cent cybersecurity levy

Nigeria’s President Bola Tinubu

By Johnbosco Agbakwuru

PRESIDENT Bola Tinubu has commended the enterprising feat of Dangote Oil and Gas Limited in reducing the gantry price of Automotive Gas Oil, AGO, also known as diesel.

The Group recently reviewed downwards the gantry 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 price review represents a 60 percent drop, which will, in no small measure, impact the prices of sundry goods and services.

READ ALSO: 10 key impacts to expect from Dangote’s diesel price cut to N1,000

A statement issued by the Presidential spokesman, Chief Ajuri Ngelale stated that “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.”

President Tinubu called 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.