The Dangote Petroleum Refinery has once again reduced its petrol price, lowering the ex-depot rate from N828 to N699 per litre, according to real-time data from Petroleumprice.ng.<\/p>\n
The adjustment, effective December 11, 2025, marks the refinery\u2019s 20th petrol price revision this year.<\/p>\n
An anonymous refinery official confirmed the reduction, explaining that the move is aimed at maintaining reasonable and competitive domestic fuel prices, especially amid global price volatility and persistent fuel smuggling along Nigeria\u2019s borders.<\/p>\n
Speaking after a meeting with President Bola Tinubu on December 6, Dangote emphasized that the refinery intends to compete directly with imports while ensuring petroleum products remain affordable.<\/p>\n
He noted that fuel smuggling has decreased slightly, but Nigeria\u2019s petrol price remains significantly lower than that of neighbouring countries.<\/p>\n
Market trackers reported that several private depots also adjusted their rates in response. Sigmund Depot reduced its ex-depot price by N4 to N824 per litre, Bulk Strategic cut by N3, and TechnoOil implemented a sharp N15 reduction. Other depots, including A.A. Rano, NIPCO, and Aiteo, made slight price adjustments.<\/p>\n
Dangote reiterated that the refinery\u2019s $20 billion investment is a long-term venture, focused on delivering affordable fuel rather than short-term profits.<\/p>\n","protected":false},"excerpt":{"rendered":"