The Dangote Petroleum Refinery has announced a major price cut. The refinery reduced its petrol gantry price from N828 to N699 per litre.
This latest adjustment took effect on December 11, 2025.
According to real-time market data published on Friday, this represents a sharp drop of N129. This is a 15.58% decrease from the previous rate. An official from the refinery confirmed the new price anonymously.
This marks the refinery’s 20th price adjustment this year. It signals an aggressive strategy to influence domestic fuel costs.
Competition and “Reasonable” Pricing
The reduction comes less than a week after a high-profile meeting. Chairman Aliko Dangote met with President Bola Tinubu on December 6.
During the closed-door session, Dangote reiterated his commitment to the Nigerian market. He promised to keep fuel prices “reasonable and competitive,” despite global market volatility.
Dangote explained that price cuts are necessary. The refinery must compete effectively with imported products.
“We are not here to make our $20 billion back quickly; it’s a long-term investment,” the billionaire stated.
He assured the public that the refinery will sell both diesel and petrol at reasonable rates as output ramps up.
The Smuggling Challenge
Dangote also highlighted a persistent issue. Cross-border smuggling remains a challenge.
He noted that smuggling has reduced, but it is not totally eliminated. This is because Nigerian fuel prices remain approximately 55% lower than those in neighboring countries.
Ripple Effect on Depots
The refinery’s new pricing template has triggered a reaction. The downstream sector is already responding.
Market data indicates that several private depots have begun adjusting their rates:
- TechnoOil: Implemented a significant cut of N15.
- Sigmund Depot: Reduced its ex-depot price by N4 to N824 per litre.
- Bulk Strategic: Posted a marginal drop of N3.
Other major depots are also reacting. A.A. Rano, NIPCO, and Aiteo were observed adjusting their rates slightly. They are aligning with the new market reality established by the Dangote Refinery.
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