The Dangote Petroleum Refinery has commenced the sale of Automotive Gas Oil, AGO popularly called diesel, to oil marketers nationwide.
National President of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Abubakar Maigandi said the move would lead to a crash in diesel prices, as the commodity has risen to one thousand, seven hundred naira per litre.
“They started pumping out diesel to marketers since last week. They also promised to sell aviation fuel soon. Some of my members confirmed this to me after making purchase,” the National President, Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi.
The Refinery has faced a series of hurdles as it strives to release refined products into the market after it was officially inaugurated by former President Muhammadu Buhari in May 2023.
He said the move by Dangote would lead to a crash in diesel prices, as the commodity rose to a high of about N1,700/litre recently.
“The price of diesel is going to fall because of the release of products from Dangote Refinery. In fact, it is already coming down in Lagos,” Maigandi stated.
A senior management official of the firm confirmed the sale of diesel to marketers, as the source noted that Premium Motor Spirit, popularly called petrol, would soon be released to the market.
