Dangote Refinery Reduces Fuel Price

Dangote refinery has reduced the fuel price.

NewsRain Nigeria reports that Dangote Petroleum Refinery has reduced its Premium Motor Spirit gantry price by N25 per litre, lowering its ex-depot rate from N799 to N774 per litre in what industry analysts describe as a strategic price recalibration amid evolving market dynamics in 2026.

The refinery announced the price adjustment to marketers on Tuesday, noting that the new rate takes immediate effect.

READ ALSO: Dangote Refinery Increases Fuel Price 

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.”

The refinery also informed marketers that its PMS lifting incentive had ended.

“Additionally, 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. Thank you for your continued partnership,” the notice read.

The closure of the bonus window, alongside the price cut, signals a transition from volume-driven incentives to a more stable pricing regime as the refinery consolidates its domestic market presence.

Recall that the latest reduction comes against the backdrop of volatile PMS pricing in 2025, following the full deregulation of the downstream sector and the removal of petrol subsidies.

In early 2026, Dangote’s PMS gantry price had increased to N799 per litre after selling to Nigerians at N699 during the festive period.

The latest N25 cut to N774 per litre suggests easing cost pressures and improving operational efficiency, as well as growing competition from alternative supply channels, including imported cargoes and expected output from modular refineries.

Dangote Petroleum Refinery, with a capacity of 650,000 barrels per day, is Africa’s largest single-train refinery and a cornerstone of Nigeria’s drive to reduce fuel imports and conserve foreign exchange.

Since commencing PMS supply to the domestic market, the refinery has increasingly shaped downstream pricing dynamics, often acting as a reference point for ex-depot rates.