•Price cut to impact nation’s economy — MAN By Udeme Akpan, Energy Editor, Theodore Opara, Transport Editor & Ediri Ejoh
“I can confirm to you that Dangote Petroleum Refinery has entered a strategic partnership with MRS Oil and Gas stations, to ensure that consumers get to buy fuel at affordable price, in all their stations be it Lagos or Maiduguri. You can buy as low as 1 litre of diesel at N1,050 and aviation fuel at N980 at all major airports where MRS operates.”
It would be recalled that the management of Dangote Petroleum Refinery announced a further reduction of the price of diesel from 1200 to 1,000 Naira per litre barely two weeks ago.This marks the third major reduction in diesel price in less than three weeks when the product sold at N1, 700 to N1, 200 and also a further reduction to N1,000 and now N940 for diesel and N980 for aviation fuel per litre.
“The reduction will have far-reaching effects in critical sectors like industrial operations, transportation, logistics, and agriculture, contributing to easing the high inflation rate in the country; a lot of companies will be back in operation.”Similarly, the Chief Executive Officer, Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, said: “This is a very good development that we have been waiting for.
“We should not spare any effort to support anything that will enable us fast-track import substitution so that we can reduce the level of imports be it in production of tangible goods and services, just as it was with AirPeace, the dollars can be relaxed and Naira been used for transaction.