Dangote slices down petrol price to ₦699 per litre

The Dngote Refinery has announced again sliced down of petrol price by 15.58% from ₦828 to ₦699 per litre, effective December 11, 2025. 

The latest adjustment marks about the 20th price review this year, reinforcing the refinery’s aggressive pricing strategy as the festive travel season intensifies across Nigeria.

The reduction in price is not due to yuletide period as insinuated but to counter imports, which marketers resorted to when he failed to offer a favourable price,” one importer said.

Though some officers said the refinery introduced the cut to ease transportation costs ahead of Christmas, when millions of Nigerians travel across states to reunite with family. The company said the review aligns with its “commitment to make the season memorable for citizens and reduce cost pressures on road transport operators.

However, fuel importers have countered the Dangote Refinery, alleging that its recent price reduction was carried out in bad faith. According to the marketers, the refinery’s action was not driven by goodwill for the yuletide season but by an attempt to undermine imports.

“Dangote Refinery didn’t reduce the price for the yuletide. He reduced the price to counter imports, which marketers resorted to when he failed to offer a favourable price,” one importer said.

The latest announcement comes just days after Aliko Dangote assured Nigerians that the refinery would keep fuel “reasonable and competitive” despite global market volatility and ongoing smuggling along Nigeria’s borders.

However, the time will justify truism of the reasons behind reduction after yuletide period. We hope that the price will further drop after the yuletide period and not to “skyrocket” again. Kudos to Dangote.