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Nigeria's Dangote refinery has started loading diesel, prompting a reduction in diesel prices to N1,000/litre. The refinery may receive more local crude due to new rules compelling oil firms to sell to domestic refineries. Market participants expect the low diesel prices to impact local and import markets.
#Nigeria's 650,000 b/d Dangote refinery has offered road diesel at the lowest price since it began distillate sales earlier this month, and market participants said this is likely to weigh heavily on local values and import markets. #oott https://t.co/c73ux9nNfq
Tinubu lauds Dangote’s diesel price cut, foresees economic relief https://t.co/Cygi4KGJC5
Ex-MAN chair hails Dangote Refinery’s diesel price cut https://t.co/8RCWAhI0ut
