Dangote Refinery: Our Price Cut, Not Tariff Reversal, Caused Pump Price Drop
[NigerianEye - Nigeria] - 17/11/2025
Dangote Petroleum Refinery has firmly rejected reports suggesting that the recent reduction in petrol pump prices across Nigeria was caused by the Federal Government’s alleged suspension or reversal of a 15% import tariff on petroleum products.In a statement issued today, the refinery described such claims as “entirely false, deliberately misleading, and inconsistent with actual market dynamics.The refinery clarified that the real trigger for the latest drop in retail prices was its own proactive price reduction announced on November 6, 2025: Gantry (ex-depot) price for Premium Motor (…)
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