Oil and Gas
Dangote Refinery reduces diesel price to N1, 700 per litre
Dangote Refinery has reduced its diesel price from N1, 780 to N1, 700 per litre. The new price, which was communicated to distributors through a notice, takes effect from today, Wednesday.
Industry sources said the price reduction was in reaction to new developments in the international oil market. The Major Energies Marketers Association of Nigeria (MEMAN) said the estimated spot landing cost of diesel fell by N127.28 per litre from N1, 823.68 per litre on September 30 to N1, 696.40 on October 2.
Its Energy Bulletin also indicated that the seven-day average AGO import-parity cost declined from N1,871.34 per litre to N1,823.19 over the same period. This is the second time the company would reduce price of diesel within a month.
-
News2 days agoIndia probes soybean imports over suspected tax evasion from Nigeria
-
Stock Market2 days agoNGX opened the week on a negative note
-
Agriculture24 hours agoSantuscom Group seals N5bn deal to export Ogoja foods to UK
-
Oil and Gas24 hours agoNigeria’s oil reforms will unlock $50bn deep offshore investments—Tinubu
-
Economy24 hours agoEconomic growth in Nigeria, Angola, Ethiopia, Zambia others gain momentum despite global uncertainty—WBG
-
News2 days agoNigerian military aircraft crashes in Igbokoda, killing 32
-
News2 days agoNigeria leads UN budget talks, rallies Africa ahead of committee opening
-
Oil and Gas2 days agoOil slips on rise in Middle East crude exports and G7 stocks release