Naira Slide, Pushes Dangote Diesel To 1,100 Per Litre. - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (A.M)
May 23, 2024
This is due to the crash of the naira against the United States dollar.
Recall that on April 24, 2024, the Dangote refinery announced a further reduction in the prices of diesel.
And aviation fuel to 940 naira per litre and N980 naira per litre respectively.
In about a week, the multi-billion dollar facility again announced another reduction in the price of AGO
But noted at the time that the change was only applicable to dealers purchasing up to five million litres of diesel and above.
It was gathered on Tuesday that the cost of diesel from the plant had increased from the 940 naira per litre price.
A price that was announced by the plant in April to a new rate of 1,100 naira per litre.
Some other dealers who purchased lesser volumes said they got the product at 1,200 naira per litre.
Oil marketers told newsmen that the hike in diesel price by the $22bn worth refinery located in Epe, Lagos.
Was due to the recent southward movement of the naira against the dollar.