Reported by: Oahimire Omone Precious | Edited by: Gabriel Osa
Abuja/Lagos, Nigeria — In a significant development that could bring relief to motorists and commuters nationwide, the Dangote Petroleum Refinery has cut its petrol ex-gantry price from ₦828 to ₦699 per litre, effective 11 December 2025. The reduction represents a 15.58 per cent drop and is seen as a key intervention to lower fuel costs ahead of the Christmas and New Year travel surge.
The price adjustment — the 20th review announced by the refinery this year — saw the domestic price benchmark fall by ₦129 per litre from its previous level. Industry sources say the move is intended to make refined petrol more competitive and accessible to Nigerians as millions prepare for long-distance travel and increased economic activity associated with the festive period.
Officials within the refinery have reiterated that the price cut reflects the company’s commitment to keeping fuel affordable and competitive in the Nigerian market, particularly as it continues to ramp up production and distribution. The refinery’s aggressive pricing strategy is also expected to pressure traditional fuel importers and depot operators to reconsider their pricing structures in order to remain competitive.
Market analysts note that the refinery’s pricing decisions resonate across the downstream petroleum sector, where Dangote’s output has increasingly influenced the broader pricing landscape. In response to the new benchmark, several private depots have reportedly begun adjusting their own ex-depot rates, highlighting a broader shift toward more dynamic domestic fuel pricing.
The timing of the price cut is significant. With festive travel expected to intensify, reductions in petrol costs could help alleviate the high cost of transportation, particularly for road users and long-distance travellers who often bear the brunt of elevated fuel prices. Analysts believe that retail pump prices — typically influenced by gantry prices plus distribution and marketer margins — may begin to trend downward in the coming days in response to the refinery’s move.
Aliko Dangote, Chairman of the Dangote Group, has earlier expressed a desire to maintain “reasonable and competitive” fuel prices for Nigerians, even as global market volatility and cross-border smuggling continue to challenge pricing stability. The latest cut follows this strategic commitment and echoes similar reductions taken earlier in the year as the refinery matures its supply operations.
While the new ex-gantry price does not automatically equate to immediate pump-price reductions nationwide — as dealers factor in logistics, taxes and retailer margins — transport operators and ordinary commuters are hopeful that this latest adjustment will translate into broader relief at retail stations.
The Dangote Refinery’s pricing strategy continues to reshape Nigeria’s downstream fuel market, providing a domestic alternative to import-driven supplies and positioning local refining capacity as a lever for cost relief, economic activity, and improved mobility — especially during peak travel seasons.
📩 Stone Reporters News | 🌍 stonereportersnews.com
✉️ info@stonereportersnews.com | 📘 Facebook: Stone Reporters | 🐦 X (Twitter): @StoneReportNew | 📸 Instagram: @stonereportersnews
Add comment
Comments