The Dangote Petroleum Refinery has reduced its petrol gantry price from N828 to N699 per litre, a move expected to influence retail fuel pricing across Nigeria.
The reduction, effective 11 December 2025, represents a drop of N129 per litre, or roughly 15.6%, according to data from Petroleumprice.ng.
An official from the refinery confirmed that this marks the 20th price adjustment by Dangote Petroleum Refinery this year.
The cut follows statements by Dangote Petroleum Refinery Chairman Aliko Dangote during a meeting with President Bola Tinubu on 6 December, where he reiterated the company’s commitment to keeping domestic fuel prices competitive despite global volatility and ongoing smuggling challenges.
“Prices are going down because we also have to compete with imports,” Dangote said.
He noted that while smuggling has declined, it remains a concern, pointing out that fuel in Nigeria is still about 55% cheaper than in neighbouring countries.
Dangote emphasised that the refinery’s petroleum products, including petrol and diesel, will continue to be sold at reasonable prices, describing the operation as a long-term investment.
“We are not here to make our $20 billion back quickly; it’s a long-term strategy,” he said.
The price adjustment has already prompted responses from private depots.
Sigmund Depot cut its ex-depot price by N4 to N824 per litre, Bulk Strategic by N3, and TechnoOil by N15, while other depots such as A.A. Rano, NIPCO, and Aiteo also made marginal reductions following Dangote’s new pricing.
