Dangote Petroleum Refinery has reduced its Premium Motor Spirit (PMS) gantry price by N25 per litre, bringing its ex-depot rate down from N799 to N774 per litre in a move analysts describe as a strategic recalibration amid shifting market conditions in 2026.
The refinery communicated the adjustment to petroleum marketers on Tuesday, confirming that the new price takes immediate effect.
In a notice issued by its Group Commercial Operations Department, Dangote Petroleum Refinery and Petrochemicals FZE stated: “This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre.”
Independent checks by MetroNews on petroleumprice.ng confirmed that the revised rate had already been updated on major industry pricing platforms.
Alongside the price reduction, the refinery announced the end of its PMS lifting incentive scheme. According to the notice, the bonus window closed at 12:00 a.m. on February 10, 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. Thank you for your continued partnership,” the refinery added.
Industry observers say the dual move — a price cut combined with the withdrawal of volume-based incentives — signals a shift from aggressive market penetration tactics to a more stable and consolidated pricing regime as the refinery strengthens its domestic footprint.
The development comes against the backdrop of sharp PMS price volatility in 2025 following the full deregulation of Nigeria’s downstream petroleum sector and the removal of fuel subsidies. During the period, ex-depot prices swung widely, ranging from about N700 to above N800 per litre, driven by exchange rate pressures, global crude oil fluctuations and heavy dependence on fuel imports. Pump prices rose even higher in several parts of the country.
The commencement of large-scale domestic supply from the Dangote refinery toward the end of 2025 helped ease pricing pressures, particularly across coastal and southern distribution corridors, reducing the influence of import parity pricing.
Earlier in 2026, the refinery had raised its PMS gantry price to N799 per litre after selling petrol at N699 per litre during the festive season.
The latest N25 reduction suggests easing cost pressures, improving operational efficiency and growing competition from alternative supply sources, including imported cargoes and anticipated output from modular refineries.
With a refining 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 conserve foreign exchange. Since entering the domestic PMS market, the facility has increasingly influenced downstream pricing, often serving as a benchmark for ex-depot rates nationwide.
