The Dangote Petroleum Refinery has announced a fresh reduction in the gantry price of Premium Motor Spirit (petrol), lowering the ex-depot rate to ₦699 per litre, effective from December 12, 2025.
Alongside the price cut, the refinery unveiled a 10-day credit facility for marketers to ease cash-flow pressures and boost product distribution. The new pricing and credit offer were disclosed in a notice posted on the refinery’s official X handle on Friday night.
The latest adjustment represents a ₦129 drop from the previous ex-depot price of ₦828 per litre—a 15.58 per cent reduction. It is the 20th petrol price review carried out by the refinery in 2025, reflecting its ongoing response to changing market conditions.
According to the refinery, the 10-day credit facility is open to all customers, subject to a minimum purchase of 500,000 litres and backed by bank guarantees.
An official of the refinery, who spoke on condition of anonymity, confirmed the development, stating, “The refinery has reduced petrol gantry price to ₦699 per litre.”
The price reduction comes just five days after the refinery’s Chairman, Aliko Dangote, reiterated his commitment to maintaining affordable and competitive fuel prices despite global market volatility and ongoing cross-border smuggling.
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 with imported fuel.
“Prices are coming down because we must compete with imports,” he said, adding that while smuggling has reduced, it remains an issue due to Nigeria’s fuel prices being about 55 per cent lower than those in neighbouring countries.
Dangote also stressed that both petrol and diesel would remain reasonably priced, noting that the refinery’s $20 billion investment is a long-term project rather than a quick-return venture.
