The Dangote Petroleum Refinery has reduced the gantry price of petrol from N828 to N699 per litre, representing a N129 drop, about 15.58%, in the benchmark price of Premium Motor Spirit (PMS).
The new pricing took effect on December 11, 2025, marking the refinery’s 20th petrol price adjustment this year, according to Petroleumprice.ng.
A refinery official, who asked not to be named, confirmed the price review and said it aligns with Dangote’s commitment to making fuel more affordable for Nigerians.
The reduction cames shortly after Aliko Dangote, following a meeting with President Bola Tinubu, reiterated that petrol prices would continue to decline as the refinery ramps up production and competes directly with imported fuel.
Dangote acknowledged that fuel smuggling has reduced but remains an issue, attributing it to the significant price difference between Nigeria and neighboring countries, where Nigerian fuel is still roughly 55% cheaper.
He emphasized that the refinery was focused on long-term market stability rather than short-term gains, assuring that petrol and diesel would remain reasonably priced.
In response to the Dangote price cut, several private depots also adjusted their ex-depot rates. Sigmund Depot reduced its price by N4 to N824 per litre, Bulk Strategic decreased by N3, and TechnoOil by N15. Others, including A.A. Rano, NIPCO, and Aiteo, implemented smaller reductions following the new pricing template set by the refinery.
The latest adjustment underscores Dangote Refinery’s strategy to help stabilize local fuel prices amid global market volatility and persistent cross-border smuggling pressures.
