More
    HomeBusiness NewsDangote Refinery reduces petrol price 16% to ₦699/Litre

    Dangote Refinery reduces petrol price 16% to ₦699/Litre

    Published on

    spot_img
    spot_img

    Dangote Petroleum Refinery reduces petrol gantry price 16% to ₦699/Litre
    By Udeme Akpan

    The Dangote Petroleum Refinery has reduced the gantry price of its Premium Motor Spirit, PMS, also known as petrol by 16 per cent to ₦699 per litre from ₦828 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.
    A source in the 650,000-capacity refinery that pleaded to be anonymous said the refinery introduced the cut to ease transportation costs ahead of Christmas, when millions of Nigerians travel across states to reunite with family.
    He said: “This is part of our contributions to ensure Nigerians enjoy the Christmas and the new year celebrations. It is our desire to enhance the movement of Nigerians from one part of the nation to another at minimum costs.”
    Similarly, (link unavailable), a market tracker, said: “With the refinery scaling its distribution network nationwide, individual marketers now negotiate directly, enabling faster price adjustments and broader market penetration.
    “The refinery has positioned the latest reduction as both an economic and social intervention. With interstate travel surging ahead of Christmas and New Year, the new gantry price is expected to bring down retail pump prices in several states, especially in the North and South-East, where logistics costs typically spike during festive periods.”

    Kindly share this story:

    Contact: editor@thereporterng.com

    Stay informed!
    Follow us on: X.com: @TheReporter2024
    Follow us on: Facebook: TheReporterNigeria
    WhatsApp for breaking news, updates and exclusive content. Don't miss a headline – Click below to join now!
    WHATSAPP

    Latest articles

    Wike at 58: One of the shining stars in my cabinet — Tinubu

    President Bola Tinubu has congratulated Chief Nyesom Wike, Minister of the Federal Capital Territory...

    Gov Kefas dumps PDP, picks APC membership card

    Taraba State Governor, Dr. Agbu Kefas, on Sunday, officially resigned his membership from the...

    No injuries as Flybird aircraft makes unusual landing in Kano

    Flybird Aircraft Management Services Limited has said passengers on aircraft 5N-ISB, which experienced an...

    BREAKING: Private jet makes emergency landing at Kano airport

    A Dramatic scene unfolded at the Malam Aminu Kano International Airport (MAKIA) on Sunday...

    More like this

    Wike at 58: One of the shining stars in my cabinet — Tinubu

    President Bola Tinubu has congratulated Chief Nyesom Wike, Minister of the Federal Capital Territory...

    Gov Kefas dumps PDP, picks APC membership card

    Taraba State Governor, Dr. Agbu Kefas, on Sunday, officially resigned his membership from the...

    No injuries as Flybird aircraft makes unusual landing in Kano

    Flybird Aircraft Management Services Limited has said passengers on aircraft 5N-ISB, which experienced an...