Dangote Petroleum Refinery has reduced its gantry price of Premium Motor Spirit (PMS) or petrol by N25 per litre, effective immediately nationwide. The new ex-depot/gantry rate is now N774 per litre, down from N799.
This move is expected to boost the competitiveness of locally refined products, given that the current landing price of imported PMS from Lome stands at about N793 per litre.
The refinery’s statement emphasized that this adjustment strengthens local refining, aligning with Aliko Dangote’s vision for Africa’s industrial growth.
The price cut also comes after the refinery ended its PMS lifting incentive scheme, which was introduced to support volume offtake by petroleum marketers.
Industry experts describe the move as a strategic recalibration, particularly in the wake of volatile PMS pricing throughout 2025, following the federal government’s full deregulation of the downstream sector and the removal of fuel subsidies.
The entry of the 650,000 barrels-per-day Dangote refinery into the market in Q4 2025 marked a turning point, with large-scale local production helping to temper supply pressures and stabilise prices.
Dangote is also exploring new investment opportunities in Burundi, focusing on solid minerals, power generation, agriculture, and infrastructure development. This move aligns with his goal of investing heavily in the African continent.
