Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS), also known as petrol, by N25 per litre. The new ex-depot price dropped from N799 to N774 per litre and takes immediate effect, according to a notice sent to fuel marketers.
The refinery announced the price adjustment on Tuesday through its Group Commercial Operations Department, stating, “This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre.” Industry pricing platforms have already reflected the new rate.
Dangote Refinery also confirmed that its PMS lifting bonus has ended. The company said credits for volumes loaded between February 2 and 10, 2026, would be posted to marketers’ account statements, while thanking partners for their continued support.
Energy analysts believe the price cut, along with the closure of the bonus window, shows a move away from volume-based incentives toward a more stable pricing system as the refinery strengthens its position in Nigeria’s fuel market.
Petrol prices were highly unstable in 2025 following the removal of subsidies and the full deregulation of the downstream sector. Exchange rate pressure, global crude oil prices, and dependence on fuel imports pushed ex-depot prices between N700 and above N800 per litre before domestic supply from the Dangote refinery helped moderate costs.
Earlier in 2026, the refinery raised its gantry price to N799 after selling petrol at about N699 during the festive period. The latest reduction suggests easing cost pressures, better operational efficiency, and increasing competition from imported products and modular refineries.
Meanwhile, the President of the Dangote Group, Aliko Dangote, is exploring new investment opportunities in Burundi. During a visit with former President Olusegun Obasanjo, the delegation held talks with Burundian President Evariste Ndayishimiye to identify key sectors for development.
Dangote said the group is focused on investing across Africa and highlighted opportunities in solid minerals, power generation, agriculture, cement production, and infrastructure. Observers see the move as part of the company’s strategy to expand its footprint on the continent while consolidating its influence in Nigeria’s energy market.
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