From Monday, September 15, Fuel consumers will now enjoy lower retail prices at stations as Dangote Petroleum Refinery begins the rollout of its compressed natural gas (CNG)-powered trucks as part of its logistics-free distribution programme aimed at significantly reducing fuel prices across Nigeria.
In a statement released by the company, the initiative will see the gantry price reduced to N820 per litre, with corresponding lower pump prices in several key states. Lagos and other South-Western states will see fuel retailing at N841 per litre, while Abuja, Rivers, Delta, Edo, and Kwara states will sell at N851 per litre at partner retail stations.
The first phase of the deployment will cover the Federal Capital Territory, Lagos, Kwara, Delta, Edo, Rivers and South West states, with nationwide expansion planned as additional trucks are delivered.
The company projects that the switch to CNG could save the Nigerian economy more than ₦1.8 trillion annually by cutting fuel distribution costs, reducing pump prices, and easing inflationary pressures. Small businesses stand to gain significantly, with over 42 million micro, small, and medium enterprises (MSMEs) expected to benefit from lower energy costs and improved profit margins.
Backed by an investment of more than ₦720 billion, the programme is also expected to breathe new life into dormant filling stations across the country. In addition to its broader economic impact, the initiative will generate direct employment opportunities in roles such as truck drivers, filling station managers, and fuel attendants.
To maximize success, Dangote Group has urged stakeholders, including fuel station operators, telecommunications companies, and large-scale fuel consumers, to collaborate with the project and help unlock its full potential for the Nigerian economy.
Hi my friend! I want to say that this article is awesome, nice written and include almost all significant infos. I would like to look more posts like this .
fff54z