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No be small matter o! Dangote Petroleum Refinery don drop petrol gantry price again, as dem reduce ex-depot rate from N828 to N699 per litre. This latest slash, wey happen on December 11, 2025, mark a fine reduction of N129, wey be about 15.58 percent. E be like say una go fit buy fuel without crying this festive season!
As per real-time market data from Petroleumprice.ng, na so e be! One refinery official, wey no wan show face for camera, don confirm say dis price cut na the 20th price adjustment by di refinery dis year. E ensure say di prices dey competitive, even as things dey hot globally and smuggling dey try disturb issues for Nigeria’s borders.
Chief Aliko Dangote, di man wey dey control di show, don talk say na so e go stay: “Prices are going down. Di reason why prices gatz go down na because we dey compete with imports.” He also talk say smuggling don reduce small, but no be say e don vanish. Naija fuel price still dey about 55 percent lower than our neighboring countries’ prices. Wetin you wan talk?
Meanwhile, market trackers no gree rest as dem dey report more cuts across private depots because of this new Dangote pricing. Sigmund Depot don reduce im ex-depot price by N4 to N824 per litre, while Bulk Strategic follow suit with N3 drop. TechnoOil even do juju cut with mad N15 reduction. If you no dey watch closely, you fit miss all dis action.
For people wey dey sell fuel, dis new price cut go flex dem neck, as pressure dey mount on traditional importers and depot operators wey don dey struggle as Dangote dey gallivant with im pricing power. See ehn, Tosin Akinbobola wey dey distribute fuel from Lagos talk say: “Di margins dey shrink by di day! We no fit match Dangote prices without burning our pockets.”
E no end there o! For di first quarter of 2025, Nigeria don spend $1.26 billion on petrol imports, while Dangote dey produce like king. E mean say traditional players dey find am hard to compete as dem dey try maintain relevance for di market. And dis price reduction, e dey come after Dangote chop meeting with President Bola Tinubu, where he don make am clear say dem dey committed to affordable petrol regardless of how di global market dey look.
Nigerians fit now dey hope say dem go buy fuel for as low as N600 per litre at some filling stations. E don tay since we see such sweet price! Dis new pricing strategy fit change di way fuel dey distributed across di country, ending di days of fuel queues and scarcity wey don dey wahala us since di 1970s.
With Christmas dey come, wey many people dey move, dis price cut fit even make transport fares drop. Wetin you think? E go be wahala for people wey dey import fuel if dem no adjust dem rates follow Dangote trend!
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