### Major Price Cuts in Nigeria's Petrol Market: Dangote's Impact In a significant move to alleviate fuel costs for Nigerians, Aliko Dangote, the founder of Dangote Group, has announced a substantial reduction in petrol prices. The price of Premium Motor Spirit (PMS) is set to drop to ₦739 per litre nationwide, following a cut in the refinery's gantry price to ₦699 per litre. This decision comes as part of a broader strategy to combat market manipulation and ease the financial burden on consumers during the festive season. The price adjustments are expected to stimulate demand and encourage a rush among consumers to purchase fuel at the newly established rates [https://www.legit.ng/business-economy/energy/1688247-petrol-depot-prices-crash-14-dangotes-rate-cut-nigerians-rush-buy]. ### Structure of the Price Reduction Announcement 1. **Announcement of Price Cuts**: - Dangote's refinery has reduced the petrol price to ₦739 per litre, effective from Tuesday, December 15, 2025 [https://www.tv360nigeria.com/dangote-slashes-petrol-price-to-₦739-per-litre-vows-to-crush-market-manipulation]. 2. **Gantry Price Reduction**: - The ex-depot price has been slashed to ₦699 per litre, marking a significant decrease from previous rates [https://newsheadline247.com/dangote-cuts-petrol-price-to-₦740-per-litre-slashes-refinery-rate-to-₦699]. 3. **Market Manipulation Concerns**: - Dangote has accused the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of economic sabotage, indicating a push for more transparent pricing in the fuel market [https://newsheadline247.com/dangote-cuts-petrol-price-to-₦740-per-litre-slashes-refinery-rate-to-₦699]. 4. **Consumer Response**: - Following the announcement, there has been a notable rush among Nigerians to purchase petrol, anticipating further price drops as the festive season approaches [https://www.legit.ng/business-economy/energy/1688247-petrol-depot-prices-crash-14-dangotes-rate-cut-nigerians-rush-buy]. ### Supporting Evidence of Price Changes - **Price Reduction Timeline**: - December 12, 2025: The ex-depot price was reduced from ₦828 to ₦699 per litre, a decrease of ₦129 or approximately 15.58% [https://thisage.com.ng/dangote-refinery-slashes-petrol-price-ex-depot-rate-falls-to-n699-per-litre]. - December 15, 2025: The pump price is set to be ₦739 per litre, with the expectation of further reductions as the market stabilizes [https://www.tv360nigeria.com/dangote-slashes-petrol-price-to-₦739-per-litre-vows-to-crush-market-manipulation]. - **Market Impact**: - The price cuts are part of a series of adjustments made by Dangote, marking the 20th price review in 2025, aimed at reordering Nigeria's fuel market and providing relief to consumers during the holiday season [https://newtelegraphng.com/experts-dangote-reordering-nigerias-fuel-market-with-20th-price-cut]. ### Conclusion: A Transformative Shift in Nigeria's Fuel Pricing The recent price cuts by Dangote Refinery represent a pivotal moment in Nigeria's fuel market, with the following key points: 1. **Significant Price Reductions**: The petrol price has been reduced to ₦739 per litre, with the ex-depot price at ₦699 per litre, marking a substantial decrease from previous rates. 2. **Consumer Anticipation**: The announcement has led to a rush among consumers to purchase petrol, reflecting the urgency and importance of fuel pricing in Nigeria's economy. 3. **Market Regulation**: Dangote's actions highlight ongoing concerns regarding market manipulation and the need for regulatory oversight to ensure fair pricing for consumers. These developments indicate a proactive approach to managing fuel prices in Nigeria, potentially leading to a more stable and consumer-friendly market in the future [https://www.legit.ng/business-economy/energy/1688247-petrol-depot-prices-crash-14-dangotes-rate-cut-nigerians-rush-buy].