President Bola Tinubu has lauded the Dangote Oil and Gas Limited in reducing the gantry price of Automotive Gas Oil also known as diesel.
Tinubu gave his commendation in statement issued by the Presidential spokesman, Chief Ajuri Ngelale.
Dangote Petroleum Refinery had on Tuesday announced a reduction in the cost of AGO pump price from ₦1,200 to ₦1,000 per litre for a minimum of one million litres of product, making it the second reduction in three weeks, having dropped the initial price of ₦1,600 to ₦1,200, also providing a discount of N30 per litre for an offtake of five million litres and above.
The price review represents a 60 percent drop, which will, in no small measure, impact the prices of sundry goods and services.
In the statement, the president said, “The President affirms that Nigerians and domestic businesses are the nation’s surest transport and security to that glorious destiny of economic prosperity, noting the federal government’s 20 percent stake in Dangote Refinery and why such partnerships between public and private entities are essential to advancing the overall well-being of the country.”
Tinubu enjoined Nigerians and businesses to, at this time, put the nation in priority gear while assuring them of a conducive, safe, and secure environment to thrive.
