The Dangote Petroleum Refinery has once again lowered its petrol gantry price, reducing the ex-depot rate from N828 to N699 per litre.
Data from Petroleumprice.ng on Friday confirmed the new benchmark, showing a significant reduction of N129 per litre — a 15.58% drop. A refinery official, who requested anonymity, also confirmed the price cut, saying, “The refinery has reduced petrol gantry price to N699 per litre.”
The adjustment, which took effect on December 11, 2025, marks the refinery’s 20th petrol price review this year.
This latest cut comes just five days after Chairman Aliko Dangote reaffirmed his commitment to maintaining “reasonable and competitive” fuel prices despite global market instability and ongoing smuggling across Nigeria’s borders. After a meeting with President Bola Tinubu on December 6, Dangote said prices would continue to fall as the refinery increases production and competes with imported fuel.
“Prices are going down… we have to compete with imports,” he said, noting that smuggling, though reduced, persists because petrol prices in Nigeria remain considerably lower than in neighbouring countries.
He added that fuel products, including petrol and diesel, would remain “reasonably priced,” stressing that the refinery is a long-term venture rather than a quick-profit project.
Following the refinery’s new pricing, several private depots also adjusted their rates. According to Petroleumprice.ng, Sigmund Depot reduced its ex-depot price by N4 to N824 per litre, while Bulk Strategic cut by N3. TechnoOil recorded one of the largest reductions with a N15 drop. Other depots—such as A.A. Rano, NIPCO, and Aiteo—also made slight downward adjustments in response to the new Dangote pricing structure.
