The Dangote Petroleum Refinery has announced another reduction in the ex-depot price of petrol, lowering the rate from N828 to N699 per litre.
Market data published on Friday by Petroleumprice.ng showed that the refinery implemented a fresh downward review, slashing its Premium Motor Spirit (PMS) benchmark by N129 per litre, representing a 15.58% price cut.
The adjustment took effect on December 11, 2025, marking the 20th price review by the refinery this year.
The latest reduction reflects the refinery’s commitment to easing the financial burden on Nigerians and appreciating citizens’ support, especially ahead of the festive season.
The new price comes barely a week after the refinery’s Chairman, Aliko Dangote, restated his pledge to keep domestic fuel prices “reasonable and competitive” despite global uncertainties and the persistent challenge of fuel smuggling across Nigeria’s borders.
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Following a closed-door meeting with President Bola Tinubu on December 6, Dangote said fuel prices would continue to trend downward as production increases and domestic supply expands.
“Prices are going down. The reason why prices have to go down is that we have to also compete with imports,” he said.
“But luckily for us now, the smuggling has reduced not totally. There is still quite a lot of smuggling because the price we have in Nigeria is about 55 per cent lower than the price of our neighbouring countries.”
Dangote added that both diesel and petrol “will continue to be sold in the market at a very reasonable price,” stressing that the refinery was built as a long-term investment, not a venture to recover its $20 billion quickly.