Dangote Petroleum Refinery has reduced its gantry price of Premium Motor Spirit (PMS), also known as petrol, by N25 per litre, lowering its ex-depot rate from N799 to N774 per litre.
The price adjustment, communicated to marketers late Monday, takes immediate effect nationwide.
“This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre,” the refinery stated in a notice to stakeholders.
In a statement, the company said the reduction enhances the competitiveness of locally refined fuel, particularly as the landing cost of imported PMS from Lomé currently stands at about N793 per litre — nearly N19 higher than Dangote’s new ex-depot price.
Industry analysts say the move further strengthens the refinery’s position in Nigeria’s fully deregulated downstream market, where price competition increasingly determines market share.
Dangote Eyes Burundi for Next Investment Push
Meanwhile, President of the Dangote Group, Aliko Dangote, is exploring new investment opportunities in Burundi as part of plans to deepen the conglomerate’s footprint across Africa.
Dangote paid a visit to Burundian President Évariste Ndayishimiye at the Presidential Palace, accompanied by former Nigerian President Olusegun Obasanjo.
The visit was described as both diplomatic and economic in scope.
According to Dangote, two technical teams — one representing Burundi and the other the Dangote Group — have been constituted to identify priority sectors and develop viable investment projects.
“Our focus really is investing heavily in the African continent, not anywhere else, so Burundi is part and parcel of that African region,” Dangote said after the meeting.
He highlighted strong prospects in solid minerals, power generation, agriculture, cement manufacturing and infrastructure development, stressing that the objective is to build mutually beneficial partnerships that drive shared prosperity.
Official sources said discussions centred on strategic cooperation in infrastructure, logistics, industrialisation and energy — sectors considered critical to Burundi’s long-term economic transformation.
Observers view the engagement as a significant step in positioning Burundi as an attractive destination for large-scale African investors, while reinforcing Dangote Group’s broader continental expansion strategy.
With a refining capacity of 650,000 barrels per day, Dangote Petroleum Refinery remains Africa’s largest single-train refinery and continues to shape fuel pricing dynamics in Nigeria’s downstream sector.
