Dangote Petroleum Refinery has reduced its ex-depot price of Premium Motor Spirit to N774 per litre, cutting N25 from the previous N799 rate amid shifting dynamics in the downstream sector.
The company communicated the new gantry price to marketers on Tuesday, stating that the adjustment takes immediate effect.
The move comes as the refinery continues to recalibrate its pricing strategy in response to market realities.
In a notice issued by its Group Commercial Operations Department, the firm informed customers of the change in price from N799 to N774 per litre.
Industry pricing platform, petroleumprice.ng, also reflected the updated rate as of Tuesday.
The refinery further announced the end of its PMS lifting bonus. It explained that the incentive window closed at midnight on February 10, 2026, adding that credits for volumes lifted between February 2 and 10 within previously approved thresholds would be posted to marketers’ accounts.
Analysts said the simultaneous price cut and withdrawal of the volume incentive point to a transition from aggressive market penetration tactics to a more stable pricing structure as the refinery strengthens its foothold in the domestic market.
Petrol prices witnessed sharp swings in 2025 following the full deregulation of the downstream segment and removal of subsidy.
Exchange rate volatility, global crude oil trends and dependence on imports pushed ex-depot prices between N700 and above N800 per litre at different periods.
Dangote Refinery had earlier raised its gantry price to N799 per litre in early 2026 after selling at N699 during the festive season. Market watchers say the latest reduction suggests easing cost pressures, improved efficiency and rising competition from imports and modular refineries.
With a refining capacity of 650,000 barrels per day, the Dangote facility remains Africa’s largest single-train refinery and a key pillar in Nigeria’s push to curb fuel imports and conserve foreign exchange. Since commencing large-scale domestic supply, it has played a defining role in shaping downstream pricing trends.
Meanwhile, President of the Dangote Group, Aliko Dangote, has signalled plans for fresh investments in Burundi as part of the conglomerate’s continental expansion drive.
Dangote, alongside former President Olusegun Obasanjo, visited the East African country for exploratory talks.
In a statement, the group disclosed that discussions were held with Burundi’s President, Evariste Ndayishimiye, at the presidential palace.
Dangote said the engagement was both economic and diplomatic, revealing that joint technical teams had been set up to identify priority sectors and develop viable projects.
He noted that the group’s investment focus remains firmly on Africa, highlighting opportunities in solid minerals, power, agriculture, cement and infrastructure.
Observers said the outreach could position Burundi as a new destination for large-scale African industrial investment while reinforcing Dangote’s strategy of deepening its footprint across the continent.