Petrol price expected to drop to ₦739 per litre nationwide from Tuesday — Dangote

opeolumartinDecember 15, 202503 mins

Lagos, Nigeria — Sunday, December 2025

Founder and President of the Dangote Group, Aliko Dangote, has announced that petrol will sell for ₦739 per litre across Nigeria beginning from Tuesday.
Dangote made the announcement on Sunday during a press briefing at the Dangote Refinery in Lagos, disclosing that the refinery had already reduced its gantry price from ₦828 to ₦699 per litre two days earlier.

Reiterating his resolve to enforce the lower price, Dangote assured Nigerians that the new pump price would first take effect at MRS filling stations in Lagos before spreading to other parts of the country.
He accused some fuel marketers of deliberately keeping pump prices high in order to frustrate government efforts and deny Nigerians the benefits of reduced fuel costs. According to him, there were discussions among certain marketers to keep prices artificially high, but he insisted that the refinery would push ahead with its planned price reduction.

Dangote urged the Independent Petroleum Marketers Association of Nigeria (IPMAN) and other bulk buyers to take advantage of the lower gantry price, stressing that there was no justification for selling petrol above the approved rate.

Vowing to deploy all resources at his disposal to crash petrol prices within a week to 10 days, he stressed that no one should sell petrol for more than ₦740 per litre nationwide from December to January.
The business mogul also criticised the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over plans to issue import licences for petrol, warning that such actions could undermine local production capacity.

He cautioned that continued approval of petrol imports could push local and modular refineries to the brink, threatening Nigeria’s drive towards self-sufficiency in refined petroleum products.

With the price cut set to begin on Tuesday, Nigerians are now waiting to see the promised ₦739 per litre petrol reflected at filling stations nationwide.