The Group recently reviewed downwards the gantry price of AGO from ₦1,650 to ₦1,000 per litre for a minimum of one million litres of the product, as well as providing a discount of ₦30 per litre for an offtake of five million litres and above.

The price review represents a 60% drop, which will, in no small measure, impact the prices of sundry goods and services.

According to a statement signed by Special Adviser to the President (Media & Publicity), Ajuri Ngelale, President Tinubu affirmed that Nigerians, domestic businesses, and the transportation sector, will benefit enormously from the price reduction.

“The President affirms that Nigerians and domestic businesses are the nation’s surest transport and security to that glorious destiny of economic prosperity, noting the federal government’s 20 percent stake in Dangote Refinery and why such partnerships between public and private entities are essential to advancing the overall well-being of the country.

“The President calls on Nigerians and businesses to, at this time, put the nation in priority gear while assuring them of a conducive, safe, and secure environment to thrive”, the statement added.