Chairman of Dangote Petroleum Refinery,
Aliko Dangote, has said that MRS and other filling stations buying petrol from his refinery will start dispensing petrol at N739 per litre starting Tuesday in Lagos.
Dangote said this during a press briefing, recalling the earlier reduction of the ex-depot price from N828 to N699 per litre.
The latest reduction which has been widely acknowledged represents a N125 per cent reduction at a go.
The new pricing took effect on December 11, 2025, marking the 20th petrol price adjustment implemented by the refinery this year as Dangote continues to fine-tune domestic supply dynamics.
Speaking at the refinery, Dangote urged members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to patronise the refinery, reaffirming that sales to marketers would remain at N699 per litre.
“We are going to start with MRS stations, most likely on Tuesday, in Lagos. We have also asked members of IPMAN to come. Anybody who can buy 10 trucks, come and buy at N699,” Dangote said.
He said he was confident in his company’s determination to ease the burden of fuel prices during the Yuletide season.
“We are going to use whatever resources we have to make sure that we crash the price down. By the grace of God, within a week to 10 days, we will be able to deliver. We don’t want to see, at least for this December and January, petroleum products sold above N740 nationwide,” he added.
Dangote warned that his company would resist any attempts to sabotage efforts to stabilise fuel prices.
Dangote said the refinery would soon list its shares on the exchange, allowing every Nigerian to own part of the business.
“Our main interest is to list at the exchange so that every living Nigerian can own part of the refinery. When we sell shares, we won’t put a cap. If Nigerians buy 55% and I’m left with 45%, so be it — this is about legacy,” he said.
“We’ll ensure dividends are paid in dollars since a major part of our sales are in foreign currency. We’ll be a major supplier of forex into the market,” he said.
