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IPMAN: Reduction in diesel price by Dangote refinery yet to reflect due to old stock

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Automotive gas oil (AGO), also known as diesel, sold for as high as N1,500 at fuel stations in Lagos and Abuja on Saturday.

Automotive gas oil , also known as diesel, sold for as high as N1,500 at fuel stations in Lagos and Abuja on Saturday.

TheCable observed that Mobil and TotalEnergies fuel stations in Festac Town, sold for N1,300 per litre and N1,500 per litre, respectively. In Abuja, the price of the product was N1,450 per litre at Eterna, Banex, and N1,500 a litre at Emadeb, Kado.Dangote refinery announcing a reduction in its costs of diesel to marketers from N1,200 to N1,000 on April 16.Speaking on the issue, Abubakar Maigandi, president, Independent Petroleum Marketers Association of Nigeria , said marketers still have old stocks, hence the current price of the product.It started recently. And there’s been an old stock.

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Dangote refinery supply of diesel to crash priceThe Independent Petroleum Marketers Association of Nigeria, IPMAN, says Dangote Refinery's commencement of domestic supply of Automotive Gas Oil (Diesel) will crash the pump price of the product.
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