Dangote Petroleum Refinery and Petrochemical has once again reduced the gantry price of its Premium Motor Spirit, PMS, otherwise known as petrol, to N699 per litre from N828 per litre, effective December 11, 2025.
This reduced petrol price represents a N129 per litre decrease or a 15.6% drop when compared with the previous price.
Although there is no official confirmation from Dangote Refinery, however, a senior official of the firm confirmed the petrol price reduction.
The Dangote official said, ‘’Yes its true N699 per litre, but I’ll give you the details.’’
According to reports, senior officials have indicated that the refinery introduced this price cut to assist in reducing transportation expenses ahead of the Christmas period, when millions of Nigerians travel across states to reunite with family.
The company explained that this pricing adjustment demonstrates their “commitment to make the season memorable for citizens and reduce cost pressures on road transport operators.”
Further price cuts possible
This is the latest in a series of several price adjustments this year tied to global crude costs, rising local refining and exchange rate as Africa’s largest single-train refinery ramps up output since September.
According to industry insiders, the refinery’s successive price changes—culminating in today’s significant cut—signal the definitive collapse of the former marketers’ consortium model, which once managed coordinated bulk purchasing.
As the refinery expands its nationwide distribution channels, individual marketers can now deal directly, allowing for quicker pricing responses and greater market reach.
The refinery has framed this latest cut as both an economic measure and a social initiative. With interstate travel expected to rise sharply before Christmas and New Year celebrations, the reduced gantry price should lead to lower retail fuel prices in various states, particularly in the North and South-East regions, where logistics expenses often surge during holidays.
Officials noted that further adjustments remain possible as the refinery increases output in preparation for its upcoming expansion phase.
Credit facility
Meanwhile, Dangote Refinery announced some the introduction of a 10-day credit facility to oil marketers as part of its incentives and show of support to them.
The price cut and credit facility, which is open to all its customers, is contained in a notice issued by the refinery on its official X (formerly Twitter) account.
It also noted that the credit facility is subject to a minimum purchase of 500,000 litres and is backed by bank guarantees.
The notice reads, “To further support customers, the refinery has introduced a 10-day credit facility, backed by bank guarantees, with a minimum purchase threshold of 500,000 litres.’’
The latest price cut is coming a few days after the oil firm’s Chairman, Aliko Dangote, restated his commitment to keeping domestic fuel prices “reasonable and competitive” despite global volatility and persistent smuggling along Nigeria’s borders.
