The Digest:
Dangote Petroleum Refinery has reduced the ex-depot price of petrol from ₦828 to ₦699 per litre. According to pricing data, the 15.6% drop marks the refinery’s 20th price adjustment this year, aligning with Aliko Dangote’s pledge to maintain competitive, affordable fuel.
Key Points:
- Dangote Refinery slashes ex-depot petrol price by ₦129 to ₦699 per litre
- This represents a 15.6% reduction, effective from December 11, 2025
- The adjustment is the refinery’s 20th price review this year
- Aliko Dangote recently assured further cuts as production capacity expands
- He cited competition with imports and reduced smuggling as key factors
- Dangote noted Nigerian prices remain 55% lower than neighbouring countries
- The move aims to stabilise supply and build confidence in local refining
In a market often swept by price surges, a local refinery’s repeated cuts signal a shift, where domestic production begins to dictate affordability, not just global trends.
Sources: Business Day, Nairametrics
