Dangote refinery slashes petrol price, offers new credit to marketers
The Dangote Petroleum Refinery has announced a significant price cut for petrol, with the new rate set at ₦699 per litre starting from December 12, 2025. The refinery also introduced a 10-day credit facility for marketers, aiming to boost sales and support its customers. This move follows a recent meeting between Aliko Dangote and President Bola Tinubu on December 6, 2025. The refinery says the price drop is part of ongoing efforts to keep fuel affordable amid changing market conditions.
What we know
- The petrol price at Dangote refinery has dropped by ₦129, now selling at ₦699 per litre from December 12, 2025.
- Marketers can now access a 10-day credit facility, provided they purchase at least 500,000 litres and have a bank guarantee.
- This is the 20th petrol price adjustment by the refinery in 2025, reflecting continuous market reviews.
- Aliko Dangote emphasized the refinery’s commitment to keeping domestic fuel prices competitive after meeting with Bola Tinubu.
- The refinery says smuggling has reduced but remains a challenge due to lower local prices compared to neighboring countries.
