The Dangote Petroleum Refinery has again reduced its petrol gantry price, slashing the ex-depot rate from N828 to N699 per litre.
Real-time market data published on Petroleumprice.ng today showed that the refinery implemented another major downward review, cutting the Premium Motor Spirit benchmark price by N129 per litre, a 15.58 per cent reduction. An official of the refinery, who spoke to news men on condition of anonymity because he was not authorised to comment publicly, also confirmed the adjustment.
The new price took effect on December 11, 2025, marking the 20th petrol price adjustment announced by the refinery this year. The latest reduction comes barely five days after the refinery’s Chairman, Aliko Dangote, restated his commitment to keeping domestic fuel prices reasonable and competitive despite global volatility and persistent smuggling along Nigeria’s borders.
Speaking after a closed-door meeting with President Bola Tinubu on December 6, Dangote said prices would continue to fall as the refinery ramps up output and competes directly with imported products. He further said that petroleum products (diesel and petrol) will continue to be sold in the market at a very reasonable price.
