Dangote also condemned any exploitation of the new pricing structure.
Since it began diesel production in January 2024, the Dangote refinery has reduced diesel prices more than three times, from N1,700 per litre to the current rate.
She called on the government to ensure price control in the economy.
The Independent Petroleum Marketers Association of Nigeria has urged Nigerians to avoid panic buying as there is enough fuel.
Dangote Refinery said the decrease was to show appreciation for Nigerians and the Bola Tinubu administration’s support.
NBS said 20.30 billion litres of petrol reported in 2023 amounted to a decrease of 13.77 per cent compared to the 23.54 billion litres recorded in 2022.
The NNPC “can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake.”
The executive vice president of downstream said section 205 of the PIA, which established NNPC Ltd., stipulated that petroleum prices were determined by unrestricted free market forces.
It said that debt to petrol suppliers constitute a financial burden that could affect sustainable fuel supply in the country.
![Fuel queue at NNPC filling station [Credit: ThankGod Sabastine/Peoples Gazette]](https://gazettengr.com/wp-content/uploads/Screenshot_20230320-070535_WhatsAppBusiness.jpg)
“The NNPC Ltd is working with relevant stakeholders to resolve the logistics challenges and restore a seamless supply of petrol to affected areas,” the company said.
