Dangote Petroleum Refinery has announced another reduction in its ex-depot petrol price, lowering it from ₦828 to ₦699 per litre effective December 11, 2025.
This ₦129 reduction—a 15.58% drop—marks the refinery’s 20th price adjustment this year.
The move follows recent comments from Chairman Aliko Dangote, who reaffirmed on December 6 that the refinery would keep domestic fuel prices “reasonable and competitive.”
He emphasized that prices are expected to fall further as production increases, helping the refinery compete with imported fuel.
Dangote also addressed ongoing smuggling challenges, noting that although illicit trade has declined, price differences with neighboring countries—where fuel is about 55% more expensive—continue to incentivize cross-border smuggling.
“Petroleum products, including diesel and petrol, will continue to be sold at very reasonable prices,” Dangote stated, adding that the refinery is focused on long-term growth rather than short-term profit recovery from its $20 billion investment.
The price cut has influenced other private depots, with several also reducing their rates.
According to data from Petroleumprice.ng, Sigmund Depot lowered its price by ₦4 to ₦824 per litre, Bulk Strategic by ₦3, and TechnoOil by ₦15.
Other depots such as A.A. Rano, NIPCO, and Aiteo also made slight adjustments, reflecting broader market alignment with Dangote’s pricing strategy.
Dele Fashomi, seasoned journalist and communication teacher, is a holder of Master of Arts degree in Communication and Language Arts from the University of Ibadan in 1992/93.
Earlier, he had bagged a Bachelor degree from the same university in 1984, after which he proceeded to the Nigerian Institute of Journalism, Lagos, in 1990, for a postgraduate diploma in Journalism.
He had done many courses in communication, including the EU-BBC Editing Course in 2002.
Mr. Fashomi combines effectively the practice, research and teaching of communication. And to date, he has published two academic works in communication: Issues in Communication Technology and Policy (2010) and Economic and Social Issues in Advertising and PR (2013).
He had his first break in the Nigerian media in Concord Newspapers in 1990 and today, he has over two and half decades experience earned in several newspapers.
He has been part of many start-ups, such as The Republic (1987), The Comet (1999), The Anchor 2001 – 2002; Sun Newspapers (2003); Westerner newsmagazine (2005 – 2010) as Editor; National Life (2011) as Sunday Editor, and Newswatch Newspapers (2012- 2016) as Daily Editor.
Dele Fashomi is now the Publisher/Editor-in-Chief of Newstide247.com newspaper online, which he started in July 2015. He is also into biography writing, with many books in his trail, some of which he wrote alone and one he co- authored with his mentor, Mr Dare Babarinsa, entitled: Olabiyi Durojaiye – DARE TO BE DiFFERENT. He also guided and collaborated with Pa Olatunji Odusanya in writing his autobiography – AGAINST ALL ODDS. There are many other books in the works under his pen.
