What's Happening?
Dangote Petroleum Refinery has announced a reduction in the pump price of petrol, lowering it by N129 per litre to ₦699 per litre. This price change, effective December 12, 2025, is part of the refinery's
strategy to ease fuel costs in Nigeria's downstream market. Additionally, the refinery is offering a 10-day credit facility to marketers, aiming to improve liquidity and encourage market participation. The refinery's expansion plans could increase its processing capacity to 1.4 million barrels per day, making it one of the largest refining complexes globally.
Why It's Important?
The price reduction and credit offer are significant for Nigeria's economy, potentially lowering fuel costs for consumers and supporting the country's energy sector. By reducing dependence on imported petroleum products, the refinery strengthens Nigeria's energy independence. The expansion plans could position the refinery as a major player in the global oil market, attracting investment and boosting economic growth. These developments may also influence fuel pricing and distribution strategies across Africa.
