The Dangote Petroleum Refinery has once again lowered its petrol gantry price, reducing the ex-depot rate from N828 to N699 per litre.
According to real-time data on Petroleumprice.ng on Friday, the refinery carried out a significant price review, cutting the Premium Motor Spirit (PMS) benchmark by N129 per litre — a 15.58 per cent decrease.
An official from the refinery, who spoke to PUNCH Online on condition of anonymity, confirmed the reduction, stating, “The refinery has reduced the petrol gantry price to N699 per litre.”
The new price took effect on December 11, 2025, marking the 20th petrol price adjustment announced by the refinery this year.
Days ago, in a closed-door meeting with President Bola Tinubu on December 6, Dangote said prices would continue to fall as the refinery ramps up output and competes directly with imported products.
