The price of diesel from the Dangote Refinery has jumped! It went from N940 per litre in April to N1,100 per litre now. Some dealers are even paying N1,200 per litre.
“The refinery had earlier reduced the price of its diesel to around N940/litre, but it later increased it up to N1,100/litre. This happened recently, maybe about two weeks ago,” the National President, of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, stated
This price increase is because of the naira getting weaker compared to the US dollar. Because many things used to make diesel are bought with dollars, a weaker naira means it costs more to produce diesel.This will likely affect businesses that rely on diesel for generators and transportation, as they’ll have to pay more to keep running.
