Dangote Petroleum Refinery & Petrochemicals has announced a fresh reduction in the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, cutting it by ₦25 per litre from the previous rate of ₦799 to ₦774 per litre. The adjustment, communicated to petroleum marketers on Tuesday, February 10, 2026, takes immediate effect nationwide.
In a circular issued by its Group Commercial Operations Department, it was stated: “This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre.”
Dangote Refinery said the price cut is designed to strengthen the competitiveness of domestically refined petrol relative to imported supplies. According to the company, the current landing cost of imported PMS from Lome, Togo, is about N793 per litre, making the new ₦774 gantry rate more attractive for marketers and potentially for retail outlets.
The refinery also announced the end of its PMS lifting incentive scheme, which it had earlier introduced to support higher volume offtakes by marketers. The circular added:
“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 latest price reduction comes against the backdrop of the full deregulation of Nigeria’s downstream petroleum sector following the removal of the fuel subsidy in 2025. The shift towards a market-driven pricing regime has prompted frequent adjustments in petrol prices, reflecting both global energy market movements and local supply factors.
Since commencing operations at its 650,000 barrels per day facility, Africa’s largest single-train refinery, Dangote Petroleum Refinery has played a pivotal role in reducing Nigeria’s dependence on imported refined products, with analysts noting its influence on both pricing and supply stability across coastal and inland supply corridors.
Industry observers say Dangote’s revised gantry price could exert downward pressure on retail pump prices across major Nigerian cities, as marketers adjust to the new cost structure. Some analysts point out that when local refineries offer petrol at rates below import parity, wholesalers and retailers may have room to segregate pricing advantages into lower consumer prices, though actual pump prices will continue to depend on logistics costs and regional distribution dynamics.
In explaining its pricing strategy, Dangote Refinery has previously highlighted the importance of efficient logistics. While gantry loading remains the most cost-efficient means of evacuation and distribution, the company warned that coastal delivery could add up to N75 per litre to petrol costs, a factor that could slow the pass-through of gantry price cuts to end-consumers if maritime logistics are relied upon.
The refinery has also consistently urged marketers and policymakers to prioritise logistics solutions that support price stability and consumer welfare, underscoring its ongoing investments in infrastructure and distribution capabilities.
