Dangote Petroleum Refinery has firmly stated that the recent reduction in fuel pump prices across Nigeria resulted from its own strategic price adjustments, contradicting claims that government policy changes drove the market shift.
Refinery Rejects Government Tariff Narrative
In an official statement released on Monday, the refinery described circulating reports about the Federal Government's reversal of the 15% import tariff as completely false and deliberately misleading. The company emphasized this narrative contradicts actual market dynamics and distorts factual information.
According to the refinery's clarification, the decisive factor that prompted oil marketers to adjust their pump prices was Dangote's own reduction of Premium Motor Spirit (PMS) prices on November 6, 2025. The company expressed disappointment that its proactive market move is being wrongly attributed to government tariff decisions.
Specific Price Reductions Announced
The refinery provided detailed figures about its November price adjustments, confirming it reduced PMS gantry prices from N877 to N828 per litre, representing a significant 5.6% decrease. Simultaneously, coastal prices were lowered from N854 to N806 per litre.
These changes were publicly announced across major Nigerian media platforms, including The Punch, Vanguard, The Cable, Daily Trust, The Sun, The Street Journal, Petroleumprice.ng, New Telegraph, and Business Hallmark, among others. The refinery stressed these adjustments were implemented well before oil marketers responded with their own pump price reductions.
The company further clarified that the import tariff in question had actually received presidential approval from His Excellency, President Bola Ahmed Tinubu as far back as October 21 for immediate implementation, making the connection to recent price changes inaccurate.
Long-term Commitment to Nigerian Consumers
Dangote Petroleum Refinery emphasized its decision to reduce prices reflected its socially responsible corporate philosophy and was not contingent upon tariff implementation. The move aligns with the company's long-standing commitment to ensuring Nigerians enjoy the full benefits of domestic refining capabilities.
Since commencing operations, the refinery revealed it has reduced prices on more than seven separate occasions and has absorbed logistics costs to ensure nationwide price uniformity, particularly during festive periods. The company also highlighted its significant role in ending the perennial and artificial fuel scarcity typically associated with the ember months.
The statement contrasted Dangote's premium-grade fuel with imported products, noting that imported fuels often fall below acceptable standards yet consistently sell at higher pump prices. The refinery described continued importation of substandard fuel as economic dumping that undermines Nigeria's economic growth and industrial development.
Drawing historical parallels, the company referenced the collapse of Nigeria's once-thriving textile industry as a cautionary example of the devastating consequences of unchecked dumping practices.
With a long-term investment exceeding $20 billion in Nigeria's energy sector, Dangote Petroleum Refinery affirmed its unwavering commitment to supplying high-quality, internationally benchmarked petroleum products at competitive prices. The company stated it remains unfazed by temporary policy shifts or short-term tactics of speculative importers.
The refinery concluded by reinforcing its dedication to operating with integrity, transparency, and steadfast commitment to Nigeria's energy security, while encouraging all stakeholders and media organizations to report responsibly using verified information.
