Dangote Petroleum Refinery has reduced the ex‑depot price of Premium Motor Spirit (PMS), commonly known as petrol, by ₦25 per litre, lowering the gantry price from ₦799 to ₦774 per litre, the refinery said in a notice to petroleum marketers on Tuesday.
The price adjustment follows ongoing changes in Nigeria’s fuel market since the full deregulation of the downstream petroleum sector and the removal of the fuel subsidy in 2025.
During much of last year and into early 2026, petrol prices have fluctuated widely due to shifts in foreign exchange rates, movements in global crude oil prices and reliance on imported refined fuel.
Dangote Petroleum Refinery, with a processing capacity of 650,000 barrels per day, is Africa’s largest single‑train refinery.
Its increased domestic supply of petrol has been a significant development in the Nigerian downstream market, reducing dependence on imports toward the end of 2025.
In a circular issued by its Group Commercial Operations Department, Dangote Petroleum Refinery and Petrochemicals FZE informed marketers of the price change and stated that the new ex‑depot rate of N774 per litre takes effect immediately.
The notice also announced the end of the refinery’s PMS lifting incentive scheme, which had been introduced to support volume take‑off by marketers.
The refinery said the corresponding credits for eligible volumes loaded between February 2 and February 10, 2026, will be posted to marketers’ account statements.
Previously in early 2026, the refinery had increased its gantry price to N799 per litre following sales at around N699 per litre during the festive season. The latest adjustment represents a new price level after those changes.
The price reduction directly affects the ex‑depot price at which marketers purchase petrol from Dangote Refinery. This adjustment may influence pricing decisions by petroleum marketers and could affect the downstream fuel pricing landscape.
Ending the lifting incentive indicates a shift in the refinery’s commercial terms with marketers. The credits for volumes already lifted may support marketers’ cash flows in the short term, as reflected in the refinery’s statement.
Dangote’s pricing decisions are central to discussions about domestic fuel pricing and supply security in Nigeria’s post‑subsidy environment, where local refining capacity plays an increasingly important role.
