The Dangote Petroleum Refinery has slashed its petrol gantry price from ₦828 to ₦699 per litre, a move industry analysts say could influence retail fuel prices across Nigeria.
The reduction, effective from 11 December 2025, represents a ₦129 drop per litre or approximately 15.58%, according to real-time data from Petroleumprice.ng. An official at the refinery confirmed that this is the refinery’s 20th price adjustment in the current year.
The latest price cut follows remarks by Dangote Petroleum Refinery Chairman Aliko Dangote during a closed-door meeting with President Bola Tinubu on 6 December, where he reaffirmed the company’s commitment to keeping domestic fuel prices competitive, despite global market volatility and ongoing fuel smuggling along Nigeria’s borders.
“Prices are going down because we need to compete with imports,” Dangote said. He added that while smuggling has eased somewhat, it remains a challenge, noting that petrol in Nigeria is about 55% cheaper than in neighbouring countries.
Dangote emphasised that the refinery’s products, including petrol and diesel, will continue to be sold at reasonable market prices, stressing that the $20 billion project is a long-term investment. “We are not here to make our money back quickly; this is a long-term strategy,” he said.
The move has already prompted ripple effects across private fuel depots. According to Petroleumprice.ng, several depots have adjusted their ex-depot prices in response: Sigmund Depot reduced by ₦4 to ₦824 per litre, Bulk Strategic by ₦3, and TechnoOil by ₦15. Other depots, including A.A. Rano, NIPCO, and Aiteo, also implemented marginal decreases following Dangote’s new pricing template.
Dangote Refinery Cuts Petrol Price to N699 per Litre
