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 confirmed the major downward review, showing a N129 per litre reduction, a 15.58 per cent drop in the Premium Motor Spirit (PMS) benchmark price.
An official of the refinery, who spoke on condition of anonymity because he was not authorised to comment publicly, confirmed the adjustment, stating, “The refinery has reduced petrol gantry price to N699 per litre.”
The new price, which took effect on December 11, 2025, marks 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 fuel smuggling along Nigeria’s borders.
Following a closed-door meeting with President Bola Tinubu on December 6, Dangote said that petrol prices would continue to fall as the refinery ramps up production and competes directly with imported fuel.
He explained, “Prices are going down. The reason why prices have to go down is that we have to also compete with imports.”
