Dangote Petroleum Refinery has reduced its Premium Motor Spirit petrol gantry price by 25 naira per litre, lowering the ex depot rate from 799 naira to 774 naira per litre. The new price takes immediate effect and was communicated to marketers through the company Group Commercial Operations Department.
In a notice to industry partners, the refinery confirmed the adjustment and also announced the end of its PMS lifting bonus, which expired at midnight on February 10, 2026. Credits for qualifying volumes loaded between February 2 and 10 will be reflected in marketers account statements.
Industry analysts describe the move as a strategic recalibration in response to evolving market conditions. The closure of the bonus window alongside the price cut suggests a shift from volume driven incentives toward a more stable pricing framework as the refinery strengthens its domestic footprint.
The reduction follows a volatile 2025 marked by full deregulation of the downstream sector and subsidy removal. Ex depot prices fluctuated between 700 naira and above 800 naira per litre due to exchange rate pressures and global crude oil trends. Dangote refinery large scale supply helped moderate prices toward the end of the year.
With a capacity of 650000 barrels per day, the refinery remains central to Nigeria efforts to reduce fuel imports and conserve foreign exchange.
In a related development, Aliko Dangote visited Burundi with former President Olusegun Obasanjo to explore investment opportunities. Discussions with President Evariste Ndayishimiye focused on infrastructure, energy, agriculture, and industrial development, reinforcing Dangote continental expansion strategy.
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