The Dangote Petroleum Refinery has once again reduced its petrol gantry price, cutting the ex-depot rate from N828 to N699 per litre.
According to real-time data from Petroleumprice.ng on Friday, the refinery implemented a major price review, reducing the Premium Motor Spirit benchmark by N129 per litre a 15.58% drop.
An anonymous refinery official confirmed the adjustment to PUNCH Online, stating, “The refinery has reduced petrol gantry price to N699 per litre.”
The new price, effective December 11, 2025, marks the refinery’s 20th petrol price adjustment this year.
This reduction follows comments by Dangote Petroleum Chairman Aliko Dangote, made five days earlier, emphasizing his commitment to keeping domestic fuel prices “reasonable and competitive” despite global market fluctuations and ongoing smuggling at Nigeria’s borders. Speaking after a closed-door meeting with President Bola Tinubu on December 6, Dangote said increased refinery output would allow domestic fuel prices to remain competitive with imports.
He explained, “Prices are going down because we need to compete with imports. Smuggling has reduced somewhat, but it still exists since our domestic prices are about 55% lower than neighbouring countries. Petrol and diesel will continue to be sold at very reasonable prices. This is a long-term investment; we’re not focused on recovering our $20 billion quickly.”
Market watchers on Petroleumprice.ng also reported further reductions across private depots following the Dangote review. Sigmund Depot lowered its ex-depot price by N4 to N824 per litre, Bulk Strategic dropped N3, and TechnoOil implemented a sharp N15 cut. Other depots, including A.A. Rano, NIPCO, and Aiteo, also adjusted prices slightly in line with the new Dangote benchmark.
