The price of diesel has been confirmed to drop from N1200 to N1,000 per litre by Dangote Petroleum Refinery.

The refinery said in a statement that it supplied diesel at a much lower price of N1,200 per litre three weeks ago, which was almost 30% less than the prior market price of roughly N1,600 per litre.

It clarified that a significant drop in fuel prices is anticipated to have a favourable impact on every aspect of the economy and lower the nation’s high inflation rate.

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