Dangote Petroleum Refinery has announced a further reduction of the price of diesel from ₦1,200 to ₦1,000 per litre.

The company announced the price reduction in a statement by its spokesperson, Nduka Chiejina.

“While rolling out the products, the refinery supplied at a substantially reduced price of N1,200/litre three weeks ago, representing over 30 per cent reduction from the previous market price of about ₦1,600/litre.

“This significant reduction in the price of diesel at Dangote Petroleum Refinery is expected to positively affect all the spheres of the economy and ultimately reduce the high inflation rate in the country,” the statement read.