The Dangote Petroleum Refinery has once again lowered its petrol gantry price, reducing the ex-depot rate from N828 to N699 per litre.
Real-time figures on Petroleumprice.ng revealed on Friday that the refinery introduced a significant downward review, cutting the Premium Motor Spirit benchmark price by N129 per litre, representing a 15.58% reduction.
A refinery official, who spoke to PUNCH Online anonymously, confirmed the update, saying, “The refinery has reduced petrol gantry price to N699 per litre.”
The new rate, effective December 11, 2025, marks the 20th petrol price adjustment the refinery has announced this year.
This latest reduction comes just five days after Chairman Aliko Dangote reaffirmed his commitment to keeping fuel prices “reasonable and competitive,” despite global market volatility and ongoing smuggling challenges at Nigeria’s borders.
After meeting with President Bola Tinubu on December 6, Dangote said prices would continue to fall as the refinery boosts production and competes directly with imported petrol.
He noted, “Prices are going down… we have to also compete with imports. Smuggling has reduced, though not completely, because fuel in Nigeria is still about 55% cheaper than in neighbouring countries.”
Dangote added that petrol and diesel will continue to be sold at “very reasonable prices,” stressing that the refinery is a long-term venture and not a quick-profit project.
Market trackers also recorded fresh price drops across several private depots following the refinery’s new review.
Sigmund Depot reduced its ex-depot price by N4 to N824, Bulk Strategic dropped by N3, and TechnoOil implemented one of the largest cuts with a N15 reduction.
Other depots, including A.A. Rano, NIPCO, and Aiteo, also made slight adjustments in response to the updated Dangote pricing template.
