Zainab Ali
The Dangote Petroleum Refinery has again reduced its petrol gantry price, cutting the ex-depot rate from N828 to N699 per litre.
Real-time market data published on Petroleumprice.ng on Friday showed that the refinery implemented another major downward review, lowering the Premium Motor Spirit benchmark price by N129 per litre, representing a 15.58 per cent reduction.
A refinery official, who confirmed the development to reporters on condition of anonymity, said the new price took effect on December 11, 2025. The adjustment marks the 20th petrol price review announced by the refinery this year.
The latest cut comes barely five days after the refinery’s Chairman, Aliko Dangote, reaffirmed his commitment to keeping domestic fuel prices “reasonable and competitive” despite global market volatility and persistent smuggling across Nigeria’s borders.
Speaking after a closed-door meeting with President Bola Tinubu on December 6, Dangote said petrol prices would continue to decline as the refinery increases output and competes directly with imported products.
“Prices are going down. The reason why prices have to go down is that we have to also compete with imports,” he said. He added that although smuggling had “reduced, not totally,” Nigeria’s pump price remains about 55 per cent lower than that of neighbouring countries.
Dangote further noted that both diesel and petrol would “continue to be sold in the market at a very reasonable price,” stressing that the company was not aiming to recoup its $20 billion investment quickly.
Following the refinery’s latest review, market trackers on Petroleumprice.ng also reported fresh reductions across several private depots. Sigmund Depot reduced its ex-depot price by N4 to N824 per litre, while Bulk Strategic recorded a N3 drop. TechnoOil implemented one of the steepest cuts with a N15 reduction.
Other depots, including A.A. Rano, NIPCO, and Aiteo, also adjusted their rates slightly as the market responded to the new Dangote pricing template.