FRI DEC 12 2025-theGBJournal| Dangote Refinery has crashed its petrol gantry price by as much as 15.58%, from N828 to N699 per litre, the lowest rate since December early February 2024 (NBS data).
The price reduction, the 20th this year, takes effect from December 11.
Analysts say the ripple effect of the latest reduction can help further ease inflationary pressure on consumer items by the end of the year.
The development comes barely two weeks after the multi-billion dollars refinery owners announced its commitment to supply 1,5 billion litres of Premium Motor Spirit (petrol) per month, equivalent of 50 million litres per day this December and January 2026.
The world’s largest single train refinery also committed to increasing supply to 1.7 billion per month-equivalent of 57 million litres/day from February 2026 onwards.
As at November 1, 2025, Dangote Refinery was already loading 45 million litres of PMS and 25 million litres daily which exceeds Nigeria’s demand.
The Refinery’s Group Chief Branding and communications Officer, Anthony Chiejina noted that the improved local production has helped stablise the exchange rate and strengthened the naira.
Since commencing petrol production in September 2024, Dangote Refinery has played a pivotal role in ensuring price stability, reducing the cost of petrol, aimed at stabilizing the market and easing the burden on consumers.
It has also eliminated the recurring fuel scarcity and long queues at filling stations that Nigerian often experienced, particularly during festive periods.
The average price pf PMS in September 2024 was N1,030 per litre, compared to an average of N841-N851 per litre in September 2025, following the implantation of the Dangote Refinery’s Direct Delivery Scheme.
Similarly, as of September 2024, the pump price of Autonomous Gas Oil (AGO) ranged between N1,400 and N1,700 per litre, depending on the state, with prices reaching up to N1,700 in most northern states.
By September 2025, however,, the average price had dropped significantly to around N1,020 per litre, reflecting the refinery’s impact on stabilizing the market and reducing logistics costs.
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