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

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

Published on

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

Land grabbing: Abiodun warns traditional rulers, charges new Odemo on development

Governor Dapo Abiodun of Ogun State on Tuesday issued a stern warning to traditional...

Police parade 146 over Sagamu unrest, hospital attack

The Ogun State Police Command on Tuesday paraded no fewer than 146 suspects, over...

Fayose meets Olubadan, says: I stand by what I said

Former Ekiti State Governor, Ayo Fayose, has insisted that he stands by his earlier...

OMC faults planned return of mission schools; warns against disrupting religious harmony In Ogun

The Ogun State Muslim Council (OMC) has expressed strong reservations regarding the planned return...

More like this

Land grabbing: Abiodun warns traditional rulers, charges new Odemo on development

Governor Dapo Abiodun of Ogun State on Tuesday issued a stern warning to traditional...

Police parade 146 over Sagamu unrest, hospital attack

The Ogun State Police Command on Tuesday paraded no fewer than 146 suspects, over...

Fayose meets Olubadan, says: I stand by what I said

Former Ekiti State Governor, Ayo Fayose, has insisted that he stands by his earlier...