Dangote Refinery cuts ex-depot petrol price by ₦25
Dangote Petroleum Refinery has reduced its ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, by ₦25 per litre, a move expected to bring modest relief to marketers and, potentially, consumers.
The adjustment brings the gantry price down from ₦799 to ₦774 per litre. The new rate took effect on Tuesday and was communicated to marketers through an official notice issued by the refinery’s Group Commercial Operations Department.
“This is to notify you of a change in our PMS gantry price from ₦799 per litre to ₦774 per litre,” the notice read.
READ ALSO: Dangote Refinery ends festive subsidy; petrol prices realign to ₦839 per litre
Alongside the price review, the company confirmed the conclusion of its petrol lifting bonus scheme, which had served as a temporary incentive to encourage bulk purchases.
“Please note that the PMS lifting bonus ended at 12:00 a.m. on 10th February 2026. The corresponding credit for volumes loaded from 2nd to 10th February 2026, within the stipulated volume thresholds earlier communicated, will be posted to your account statement,” the refinery stated.
Industry observers say the shift suggests the refinery is phasing out short-term promotions in favour of a more predictable pricing structure that aligns with prevailing supply and demand conditions.
Petrol pricing in Nigeria has remained volatile over the past year, influenced by foreign exchange fluctuations, international crude prices and limited domestic refining capacity. These pressures saw ex-depot prices swing between ₦700 and ₦800 per litre at various periods.
READ ALSO: Dangote Refinery alone cannot meet Nigeria’s fuel needs, marketers warn
However, the ramp-up of operations at the 650,000-barrel-per-day Dangote facility has boosted local output, reduced reliance on imports and contributed to improving availability of products, particularly in coastal regions.
Earlier in the year, the refinery increased its gantry price to ₦799 per litre after offering fuel at ₦699 during the festive season. The latest reduction to ₦774 is being interpreted by market analysts as a signal that cost pressures may be moderating, while competition from imports and other domestic suppliers continues to shape the market.
READ ALSO: Dangote Refinery begins nationwide PMS sales at ₦739 per litre via MRS stations
Marketers are expected to reflect the change in their retail strategies in the coming days, though pump prices will ultimately depend on distribution costs and individual company margins.
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