HomeNewsDangote Cuts Diesel Price To ₦‎1,000/Litre; Soldiers Vandalise Refinery Cables

Dangote Cuts Diesel Price To ₦‎1,000/Litre; Soldiers Vandalise Refinery Cables

Three weeks after rolling out products for the Nigerian local market, the Dangote Petroleum Refinery has reduced the price of diesel from N1,200 to N1,000 per litre.

The refinery initially supplied diesel at a N1,200 per litre three weeks ago, representing over 30 percent reduction from the previous market price of about N1,600 per litre.

Owned by the Dangote Group, the over $19 billion refinery was inaugurated on 22nd May 2023 in the Ibeju-Lekki area of Lagos State.

When in full operation, it is expected to have the capacity to process about 650,000 barrels per day of crude oil, making it the largest single-train refinery in the world.

Explaining the relatively reducing price, the privately owned facility, in a statement, said: “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.”

Executive Director of the Dangote Group, Devakumar Edwin, earlier told newsmen that they have adequate product for the local and international markets.

He said: “We have substantial quantities. Products are being evacuated both by sea and road. Ships are lining up one after another to load diesel and aviation jet fuel. Ships load a minimum of 26 million litres, though we try to push for 37 million litres vessels, for ease of operations.”

 

TWO SOLDIERS NABBED FOR STEALING ARMOURED CABLES AT REFINERY

Two soldiers from the Nigerian Army, identified as CPL Innocent Joseph and L/CPL Jacob Gani, were arrested for vandalising and stealing armoured cables at the Dangote Refinery in Lagos.

A military signal said the soldiers were arrested last Sunday after they were caught moving out of the facility with 897 armoured cables cut to size.

The signal read, “On 14/04/2024 at about 1420hrs, two military personnel named CPL Innocent Joseph and L/CPL Jacob Gani, who were identified to be working with DFL/Refinery came into the facility with one Acura jeep with registration number LAGOS JJJ 594 HS.

“On the process of exiting the DFL main gate during the routine search, they were caught with eight hundred and ninety seven cut to sizes armour cable.

“During investigation, they confessed to get this cable at the refinery with the help of one Smart which is at large. The vehicle is under custody together with the exhibits.

“The OC Army has been informed and the soldiers have been taken to custody while investigation continues. The pictures of suspects and exhibits are attached for your perusal, please.”

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