Close Menu
PARADIGM NEWS
    Facebook X (Twitter) Instagram
    • Home
    • Privacy Policy
    Facebook X (Twitter) WhatsApp Telegram
    PARADIGM NEWS
    • Home
    • Features

      I’ll dress elegantly for a week, lady vows as Kano women storm markets

      March 29, 2025

      Dr. Abdullahi Umar Ganduje’s Legacy of Progress and Excellence

      December 25, 2024

      The rise and fall of Faruk Lawan: A lesson in power and intrigues

      December 17, 2024

      Will The Axing of Zakirai Make Education Great In Kano

      December 17, 2024

      Harmattan Brings Boom to Tea, Noodle, Bean Cake Sellers in Kano

      December 15, 2024
    • News
      1. Local
      2. National
      3. International
      4. View All

      KNSG Launches Safe Space for Women Battling Drug Addiction

      July 22, 2025

      Rescue Efforts End in Tragedy as Four Drown in Kano Waterway

      July 19, 2025

      Kano Assembly Denies Investigating ALGON Chair Hajiya Sa’adatu

      July 18, 2025

      Kano Unveils N69B Dev Package Covering Roads, Education, Health

      July 12, 2025

      Renewed Hope Estate Kano Set for Tinubu’s Commissioning

      July 25, 2025

      Empower Youth to Drive Natl Development — NPC Tells Nigerians

      July 25, 2025

      Babangida, Rikiji, Somefun, Inuwa Among Key Appointees in Tinubu’s July Reshuffle

      July 18, 2025

      SPESSE Workshop Equips Nigerian Officials to Address GBV

      July 11, 2025

      Just in: Saudi Arabia’s Sleeping Prince Dies After 19 Years in Coma

      July 20, 2025

      REMAPSEN–Galien Africa Partnership to Strengthen Africa’s Health Communication, Climate Resilience

      July 18, 2025

      Alliance Rights and Health Rallies Africa to Deliver on Gender Justice

      July 12, 2025

      NNPC Pushes for Sustainable Energy Vision at Global OPEC Stage

      July 10, 2025

      Kano Transport Commissioner Pulls Out as Surety in Drug Case

      July 26, 2025

      Make Every Naira Count for Children in Upcoming Budget-UNICEF to KNSG

      July 23, 2025

      KNSG Vows Increased Support for Radio Kano

      July 22, 2025

      75 CSOs Back Kano’s War on Youth Crime and Drug Abuse

      July 22, 2025
    • Politics

      Just in : Atiku Quits PDP, Blames Party’s New Direction

      July 16, 2025

      Sule Lamido Backs Opposition Coalition Under ADC

      July 15, 2025

      Ringim Blames Sule Lamido, Not Wike, for PDP Crisis

      July 13, 2025

      Commissioner Waiya Endorses Women’s Political Representation

      July 7, 2025

      Gauta Club Gets 14 New Patrons as Waiya Champions Inclusive Politics

      July 5, 2025
    • Conflict

      Kadpoly Retiree faults Committee, Demolition Of Property

      March 27, 2025

      President Tinubu Declares State of Emergency in Rivers State

      March 18, 2025

      El-Rufai Defends Najaatu Muhammad Against Ribadus Denials

      February 5, 2025

      Tinubu’s Corruption Saga: Najaatu-Ribadu Feud Takes Center Stage

      February 5, 2025

      Kano Inaugurates Committee to Investigate Rimin Zakara Dispute

      February 3, 2025
    • More
      • Analysis
      • Business
      • Crime
      • Cultural events
      • Economy
      • Education
      • Editorial
      • Entertainment
      • Environment
      • Fashion
      • Health
      • Lifestyle
      • Personality profile
      • Science
      • Sports
      • Technology
    • Hausa

      Belin Dillalin Kwaya: Gwamna Kano Ya Kafa Kwamitin Bincike

      July 26, 2025

      San Makwabciyarka Ta Hade Hannu da Majalisar Malamai

      July 24, 2025

      Gwamnatin Kano Ta Raba Takin Zamani Ga Manoma a Gwarzo

      July 22, 2025

      Halin Da Gwamnan Katsina Ke Ciki Bayan Hatsarin Mota

      July 21, 2025

      Kwamitin Gasar Karatun Alkur’ani Ya Koka da Zargin Almundahana

      July 21, 2025
    Subscribe
    PARADIGM NEWS
    Home » Dangote Petroleum Refinery Cuts Diesel Price to N1,020 Per Litre
    Business

    Dangote Petroleum Refinery Cuts Diesel Price to N1,020 Per Litre

    EditorBy EditorFebruary 12, 2025Updated:February 12, 2025No Comments3 Mins Read
    Facebook Twitter Telegram WhatsApp
    1737122839065

    Dangote Petroleum Refinery & Petrochemicals has reduced the cost of its diesel product to N1,020 per liter, down from N1,075 per liter at the gantry price, to better serve its customers and Nigerians in general.

    Since it began diesel production in January 2024, the refinery has reduced the price of diesel more than three times, from an initial N1,700 per liter to the current rate, thus providing much-needed relief to manufacturers and consumers alike.

    Dangote Refinery Exports Two Cargoes Of Jet Fuel To Saudi

    Ad 4

    The latest reduction of N55 per liter for diesel follows the revelation by Development Economist and Public Policy Analyst Prof. Ken Ife that the Dangote Petroleum Refinery sacrificed over N10 billion to ensure the availability of petrol at a uniform price across the country during the yuletide period.

    He also praised the refinery for setting a new benchmark in Nigeria’s energy sector by unlocking vast opportunities for export revenue.

    Dangote Refinery Slashes Ex-Depot Petrol Price to N890

    Ad 3

    Speaking on the transformative impact of the refinery on Arise TV, Prof. Ife explained that for years, the equalization fund had been responsible for managing the price differentials and transportation costs involved in distributing petroleum across the country.

    However, it has been reported that the fund owes marketers over N80 billion, according to the development analyst.

    Ash Noor

    “What has happened is that the president has shifted the subsidy burden away from the public purse and onto the private sector.

    The equalization fund, which was meant to cover the price differential and transportation costs, plays a crucial role. If petroleum is to be sold across the country at a set price, then transportation costs must be accounted for to ensure this is possible.

    That’s the purpose of equalization. However, the equalization fund is reported to owe around N80 billion to marketers, and this issue is still under discussion.

    “During the Christmas season, which is traditionally the most challenging period, we often face shortages of petroleum, petrol hoarding, and arbitrary price hikes, all of which impact the cost of food.

    Dangote Peugeot Launches 3008 GT Assembly in Kaduna State

    In response, during this last yuletide, the Dangote Group decided to absorb the costs. They equalized the price themselves, at a cost of over N10 billion. In doing so, they effectively absorbed the subsidy,” he said.

    Prof Ife also said the facility is steering Nigeria away from its traditional focus on Premium Motor Spirit (PMS) towards a diversified range of petroleum-based exports.

    He added that with major international players such as BP and Saudi Aramco purchasing refined products from Nigeria, the country is swiftly becoming a key player in the global petroleum market.

    The analyst expressed confidence that Nigeria is on the path to self-sufficiency in petroleum products, while simultaneously positioning itself as an energy export powerhous

    075 Cuts Diesel Dangote Refinery Price 1
    Share. Facebook Twitter LinkedIn Telegram WhatsApp

    Related Posts

    NNPC Gas Subsidiary to Build 46MMSCFD CNG & LNG Facilities

    July 26, 2025

    NNPC Hosts Mobility-CNG Stakeholders Workshop

    July 26, 2025

    Just in : NNPC Ltd Reduces Petrol Pump Price by N5

    July 24, 2025

    NNPC Pushes for Integrated Refining Ecosystem Across Africa

    July 24, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks

    NNPC Gas Subsidiary to Build 46MMSCFD CNG & LNG Facilities

    July 26, 2025

    NNPC Hosts Mobility-CNG Stakeholders Workshop

    July 26, 2025

    Belin Dillalin Kwaya: Gwamna Kano Ya Kafa Kwamitin Bincike

    July 26, 2025

    Leadership for Young Women: CGS BUK Partners Rosa Luxemburg Foundation

    July 26, 2025
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    Hajaj Albait 2
    © 2025 PARADIGM NEWS
    • Home
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.