Dangote Petroleum Refinery has announced a reduction in the gantry price of Premium Motor Spirit (PMS), cutting the ex-depot rate by N25 per litre from N799 to N774. The adjustment, which takes immediate effect, reflects a strategic pricing shift as the refinery responds to changing market conditions in Nigeria’s deregulated downstream petroleum sector.
The new price was communicated to petroleum marketers on Tuesday through an official notice issued by the refinery’s Group Commercial Operations Department. In the statement, Dangote Petroleum Refinery and Petrochemicals FZE confirmed the revised pricing structure, formally notifying stakeholders of the downward adjustment. Industry pricing platforms have already updated their listings to reflect the new ex-depot rate, indicating the implementation of the change across the market.
Alongside the price cut, the refinery also announced the conclusion of its PMS lifting incentive scheme. Marketers were informed that the bonus window officially closed at midnight on 10 February 2026, with credits for eligible volumes loaded between 2 and 10 February to be processed and reflected in account statements. Market analysts interpret the end of the incentive programme, combined with the price reduction, as a transition away from volume-based стимули and toward a more stable, consolidated pricing framework as the refinery strengthens its domestic footprint.
The latest adjustment comes after a turbulent period for fuel pricing in Nigeria. Since the full deregulation of the downstream sector and the removal of petrol subsidies in 2025, PMS prices have experienced significant volatility. Exchange rate pressures, fluctuations in global crude oil prices, and dependence on imported fuel supplies contributed to wide swings in ex-depot pricing, with rates moving between N700 and above N800 per litre at different points.
The start of large-scale domestic PMS production by Dangote Refinery toward the end of 2025 helped stabilise supply and moderate price pressures, particularly in southern and coastal regions. Earlier in 2026, the refinery had increased its gantry price to N799 per litre after selling fuel at N699 during the festive season. The latest reduction to N774 per litre is being viewed by industry watchers as a sign of easing operational costs, improved efficiency, and intensifying competition from alternative supply sources, including imported products and output from modular refineries.
With a processing capacity of 650,000 barrels per day, Dangote Petroleum Refinery remains Africa’s largest single-train refinery and a central pillar of Nigeria’s strategy to cut fuel imports and preserve foreign exchange. Since entering the domestic PMS market, the facility has played a major role in shaping pricing trends, often serving as a benchmark for ex-depot rates across the sector.
In a separate but related development, Dangote Group President, Aliko Dangote, has initiated plans for a new investment drive in Burundi as part of the group’s broader African expansion strategy. Dangote recently visited the East African country alongside former President Olusegun Obasanjo to assess opportunities for new business ventures.
During the visit, high-level discussions were held with Burundian President Evariste Ndayishimiye, leading to the formation of joint technical teams to identify priority sectors and structure viable investment projects. Potential focus areas include solid minerals, agriculture, energy, cement manufacturing, power generation, and infrastructure development.
The Dangote Group described the engagement as both economic and strategic, aligning with its long-term vision of deepening investments across Africa. Analysts view the move as a significant step in positioning Burundi as a new destination for large-scale industrial investment, while reinforcing Dangote’s dual strategy of consolidating influence in Nigeria’s energy market and expanding its footprint across the continent.
