The Dangote Petroleum Refinery has announced yet another substantial reduction in its petrol gantry price, slashing the ex-depot rate from N828 to N699 per litre. The latest adjustment, which took effect on 11 December 2025, represents a N129 decrease—a 15.58 per cent cut—and marks the 20th petrol price review by the refinery this year.
Real-time data published on Petroleumprice.ng on Friday confirmed the downward revision, reflecting significant shifts in domestic fuel pricing as the refinery continues to expand its output. An official of the refinery, who spoke on the condition of anonymity, corroborated the development, saying simply: “The refinery has reduced petrol gantry price to N699 per litre.”
The update comes just days after the refinery’s Chairman, Aliko Dangote, reaffirmed his commitment to ensuring that Nigerians benefit from “reasonable and competitive” fuel prices. Speaking to journalists following a closed-door meeting with President Bola Tinubu on 6 December, Dangote stressed that increased local production would naturally push prices lower.
“Prices are going down,” he said. “The reason why prices have to go down is that we have to also compete with imports. Luckily for us now, the smuggling has reduced, not totally. There is still quite a lot of smuggling because the price we have in Nigeria is about 55 per cent lower than the price of our neighbouring countries.”
Despite persistent cross-border leakages, Dangote maintained that the refinery remains committed to stabilising the domestic market. He assured that petroleum products—both petrol and diesel—would continue to be sold “at a very reasonable price”, emphasising that the project was conceived as a long-term national investment rather than a quick-profit venture.
The refinery’s latest price review has triggered immediate ripple effects across the downstream sector. Market trackers on Petroleumprice.ng reported fresh reductions at several private depots, with Sigmund Depot lowering its ex-depot price by N4 to N824 per litre, while Bulk Strategic trimmed its rate by N3. TechnoOil implemented one of the steepest reductions, slashing prices by N15. Other depots, including A.A. Rano, NIPCO and Aiteo, were also recorded making modest downward adjustments.
Industry analysts say the trend indicates growing confidence in the refinery’s capacity to influence market stability, reduce reliance on imports, and ultimately deliver relief to consumers facing prolonged economic pressure.
With production levels expected to rise further in 2026, many anticipate continued downward pressure on pump prices as the refinery cements its role as a key player in West Africa’s energy landscape.
