President Bola Tinubu has commended Dangote Oil and Gas Limited for reducing the gantry price of Automotive Gas Oil (AGO), also known as diesel.
In a Wednesday statement signed by Ajuri Ngelale, his Special Adviser on Media & Publicity, President Tinubu disclosed praised the company for the “enterprising feat”.
Recall that Dangote recently reviewed downwards the gantry price of AGO from N1,650 to N1,000 per litre for a minimum of one million litres of the product, as well as providing a discount of N30 per litre for an offtake of five million litres and above.
The presidency said the price review represents a 60 percent drop which will in no small measure impact the prices of sundry goods and services.
“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 read in part.