The Dangote Petroleum Refinery has again reduced its petrol gantry price, bringing the ex-depot rate down to N699 per litre from N828 per litre.
Effective December 11, this marks the 20th price review by the refinery this year, highlighting its aggressive strategy in Nigeria’s deregulated downstream sector.
Throughout 2025, Dangote has systematically slashed petrol prices multiple times.
Below are the price fluctuations in chronological order:
January 17: Price increased to ₦955 per litre for bulk buyers from ₦899.50, citing rising international crude oil prices.
February 1: Price reduced to ₦890 per litre from ₦950, following a positive outlook in global energy markets.
February 27: Price further reduced by ₦65, from ₦890 to ₦825 per litre—the second reduction of the month.
April 16: Price lowered from ₦865 to ₦835 per litre.
June 30: Price reduced from ₦880 to ₦840 per litre.
July 8: Price cut from ₦840 to ₦820 per litre.
August 12: Price decreased by ₦30, from ₦850 to ₦820 per litre.
September 15: New gantry price of ₦820 per litre maintained as direct supply to 11 states began.
November 6: Price reduced to ₦828 per litre, preceding the latest cut.
December 11: Price slashed by ₦129 to ₦699 per litre, the most significant reduction of the year.
Also Read: Dangote slashes petrol price again to N820
The refinery, Africa’s largest single-train facility with a capacity of 650,000 barrels per day, continues to play a central role in Nigeria’s domestic fuel supply. Its repeated price adjustments have consistently influenced other depot operators and retail pump prices nationwide.
The most recent reduction is expected to impact retail fuel costs, particularly during the Christmas and New Year travel period.
It will ease transportation costs for road users and air travelers, reduce fuel expenditure for transport operators, and bring relief to households, contributing to a general decrease in fuel price pressures across the country.
With the 15% import duty on petrol and diesel in place to protect local refining, Dangote’s pricing adjustments continue to shape fuel supply, affordability, and market dynamics in Nigeria.
Crediblenewsng.com
