13/12/2025
Dangote Refinery Cuts Petrol Price To N699 Per Litre
The Dangote Petroleum Refinery has reduced its petrol gantry price from N828 to N699 per litre, marking a N129 (15.58%) drop in the Premium Motor Spirit benchmark. The adjustment, effective December 11, 2025, is the refineryโs 20th petrol price change this year, according to Petroleumprice.ng.
An anonymous refinery official confirmed the new price, emphasizing that it reflects the companyโs ongoing commitment to affordable fuel. The reduction follows remarks by Dangote after a meeting with President Bola Tinubu, where he pledged continued price declines as the refinery increases output and competes with imported products.
Dangote noted that smuggling has slightly reduced but remains a challenge, as Nigerian fuel is about 55% cheaper than in neighboring countries. He stressed that the refineryโs goal is long-term market presence rather than quick profit, assuring that petrol and diesel will remain reasonably priced.
Following the Dangote adjustment, several private depots also lowered rates. Sigmund Depot cut its ex-depot price by N4 to N824 per litre, Bulk Strategic by N3, and TechnoOil by N15. Other depots, including A.A. Rano, NIPCO, and Aiteo, made marginal adjustments in response to the new Dangote pricing structure.
This price cut reflects Dangote Refineryโs strategy to stabilize domestic fuel prices despite global market fluctuations and border smuggling challenges.
