This was disclosed in a statement by the company’s spokesman, Anthony Chijiena, on Tuesday.
The 650,000-barrel-per-day plant said the move is part of its unwavering commitment to national development, assuring the public of a consistent and uninterrupted supply of petroleum products.
“In line with our dedication to operational excellence and sustainable energy solutions, Dangote Petroleum Refinery will commence the phased deployment of 4,000 CNG-powered trucks for fuel distribution across Nigeria, effective August 15, 2025,” said Chijiena.
The announcement comes as the refinery prepares to commence direct fuel distribution nationwide.
It's still N890 here.
ReplyDeletedey are not serious. let dere b drastic reduction like 400 naira. no b ds boju-boju 30 naira reduction every 2 months..
DeleteIs still 960 for here
DeleteI hope they keep reducing it so that cost of living will reduce small.
ReplyDeleteWe appreciate the efforts Dangote company is making, may he maintain it to reduce the urgly situation we are facing
DeleteCruise nation. They don't announce increment but will rush to announce insignificant reduction.
ReplyDeleteThat's why I always say until you go to fuel station that is when you will know the reduction is real ,Audio chunchim 😀😁
ReplyDeleteNot yet effective 🤔🙄
ReplyDeleteThe benefit of reforms- local mega producer Vs importers have a market to woo. Transporters are scratching their heads.
ReplyDeleteThe importers will have to meet with local distributors and transporters to pool resources and scale sales but big retailers may prefer linking their branches to the new big transporter who also produces, guaranteeing supply, if not low prices. Maybe the single unit owners may have more pool with importers but would transporters gain anything when their demand is lower and farther flung? It seems the big supplier may be the better option for now- the gilded age and Rockefeller moves once again.
Dangote is playing the long game of suffocating competition with lower prices, even if at a cost now then raising rates when he has a monopoly. Importers have to do more to survive the onslaught: consolidate along the supply chain. Transporters are now the Uber drivers of the business, desperate to recoup costs and displaced from the big equation. At least, retailers have their spread and Dangote refinery is unlikely to go into that business for now- too much time and effort for little return.
Maybe fully removing the subsidy is the best way to get investors salivating after the 30percent cost reduction consumers are looking for: the CNG TRUCKS are a good nod in that direction. Gas powered trucks first, electric mass transit vehicles powered by gas plants later. Qua Iboe plant already in play, other sites coming on board with the gas pipeline network. The electricity subsidy removal will have private sector flooding the scene and has taking the lead, increasing supply and assuring maintenance and productivity. Even solar rates will be competitive and maybe locally sourced when power is stable for producers in their state hubs.
Things are looking good.
And increase it again tomorrow.
ReplyDeleteIt has become a usual thing up and down, owing to competition drop it with 400 naira let's see what happen.
ReplyDelete