Marketers Give Reasons Diesel Will Not Sell for N950 Despite Dangote Refinery’s Price Crash [Video]

• Marketers have explained that selling diesel to Nigerians at a price below N1,000 is not possible for now
• This is despite the announcement of a price crash by the Dangote refinery, which offers marketers the opportunity to purchase at 940 per litre
• The marketers explained that after purchasing products, they must take into consideration taxes, distribution costs, and regulatory hurdles to break even

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trend.

Nigerians will not be able to buy diesel below N1,000 at filling stations yet despite the fact that Dangote Petroleum Refinery announced a further reduction in the product price to N940 on Tuesday, April 23, 2024.

Tuesday’s slash is the third major reduction in diesel prices by the Dangote refinery in less than three weeks.