The Dangote Petroleum Refinery has slashed the gantry price of its Premium Motor Spirit (PMS), commonly known as petrol, by 16%, reducing it from ₦828 per litre to ₦699 per litre, effective from December 11, 2025. This marks the 20th price adjustment made by the refinery in 2025, highlighting its aggressive pricing strategy as the country enters the peak travel period during the Christmas and New Year celebrations.

A source within the Dangote Refinery, which has a production capacity of 650,000 barrels per day, revealed that the price reduction was aimed at reducing transportation costs for Nigerians, particularly during the festive season when millions of citizens travel across states to be with their families.

The source stated, “This is part of our contribution to ensure Nigerians enjoy the Christmas and New Year celebrations. We want to make it easier for Nigerians to move from one part of the nation to another at minimum costs.”

This pricing adjustment comes as the refinery continues to scale its distribution network nationwide, allowing individual marketers to negotiate directly with the refinery. This flexibility has led to faster price adjustments and broader market penetration across the country.

A market tracker noted, “With the refinery’s expansion, individual marketers can now engage directly, enabling quicker price shifts and broader reach in the market. The timing of this price cut is both an economic and social intervention. With increased demand for transportation services during the festive season, especially with interstate travel spiking, the new gantry price is expected to bring down retail prices at fuel stations across several states, particularly in the North and South-East, where logistics costs tend to increase during holiday periods.”

This move by the Dangote Refinery aims to mitigate the cost of living during the holiday season and provide much-needed relief to Nigerians facing soaring fuel prices. The reduction is expected to have significant ripple effects across the fuel distribution network, helping to lower pump prices nationwide as more Nigerians travel for the holidays.

In related news, Aliko Dangote, the owner of the refinery, recently spoke about the pivotal role the refinery plays in Nigeria’s oil and gas sector. He remarked, “If this $23 billion refinery didn’t work, I was dead.” His statement underscores the high stakes involved in the operation and the refinery’s crucial role in the country’s energy sector.