Dangote Reduces Petrol Price To N699 Per Litre

The Dangote Petroleum Refinery has once again reduced its petrol gantry price, cutting the ex-depot rate from N828 to N699 per litre.

Real-time market data published on Petroleumprice.ng on Friday showed that the refinery implemented a major downward adjustment, reducing the Premium Motor Spirit benchmark price by N129 per litre, representing a 15.58 per cent drop.

The new price took effect on December 11, 2025, marking the 20th petrol price adjustment announced by the refinery this year.

The latest reduction comes just five days after the refinery’s Chairman, Aliko Dangote, reaffirmed his commitment to keeping domestic fuel prices “reasonable and competitive” despite global market volatility and persistent smuggling along Nigeria’s borders.

Speaking after a closed-door meeting with President Bola Tinubu on December 6, Dangote said prices would continue to fall as the refinery increases output and competes directly with imported products.

Petroleumprice.ng also reported further reductions across several private depots following the refinery’s latest review.

According to the platform, Sigmund Depot cut its ex-depot price by N4 to N824 per litre, Bulk Strategic reduced by N3, while TechnoOil implemented one of the sharpest cuts with a N15 reduction.