Dangote Petroleum Refinery don crash petrol gantry price again, bring am down from N828 to N699 per litre, according to new market update wey Petroleumprice.ng publish on Friday.
Di fresh reduction mean say Dangote slash N129 per litre, representing 15.58% drop for Premium Motor Spirit (PMS). One refinery official wey no fit talk officially confirm say, “Yes, we don reduce petrol gantry price to N699 per litre.”
Dis new price begin work from December 11, 2025, and e be di 20th time wey di refinery don adjust petrol price dis year.
Di latest cut come just five days after Dangote Group Chairman, Aliko Dangote, meet with President Bola Tinubu for closed-door session where him repeat commitment to keep fuel price “reasonable and competitive” for Nigerians.
According to am, prices go still dey go down as di refinery increase production and begin compete seriously with imported products. Dangote talk say although smuggling never finish, e don reduce, but Nigerians still dey enjoy fuel wey dey about 55% cheaper compared to neighbouring countries.
Him add say di multibillion-dollar refinery no dey rush to recover investment: “We no dey here to make our $20 billion quick; na long-term investment.”
Market trackers for Petroleumprice.ng also show say private depots don begin adjust their own prices follow Dangote lead.
– Sigmund Depot reduce ex-depot price by N4 to N824 per litre
– Bulk Strategic cut N3
– TechnoOil drop sharply by N15
Other depots like A.A. Rano, NIPCO and Aiteo follow make small adjustments as market respond to di new benchmark.
