Dangote Petroleum Refinery has cut its Premium Motor Spirit, or petrol, gantry price by N25 per liter, lowering the ex-depot rate from N799 to N774 per liter in what industry analysts describe as a strategic recalibration amid shifting market dynamics in 2026.
The refinery notified marketers of the adjustment Tuesday and said the new price takes immediate effect. It also announced plans for a new investment in Burundi.
In a notice issued by its Group Commercial Operations Department, Dangote Petroleum Refinery and Petrochemicals FZE said: “This is to notify you of a change in our PMS gantry price from N799 per liter to N774 per liter.”
The refinery also informed marketers that its PMS lifting bonus 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 said.
Industry analysts said the end of the bonus window, alongside the price cut, signals a shift from volume-driven incentives to a more stable pricing regime as the refinery consolidates its domestic market presence.
The reduction comes after volatile petrol pricing in 2025 following the full deregulation of the downstream sector and the removal of fuel subsidies.
Prices fluctuated sharply due to exchange rate pressures, global crude oil movements and reliance on imported fuel, with ex-depot rates ranging between N700 and more than N800 per liter. The start of large-scale domestic supply from the Dangote refinery late in the year helped moderate prices, particularly along coastal and southern supply corridors.
In early 2026, Dangote’s PMS gantry price rose to N799 per liter after the company sold fuel at N699 during the festive period. The latest cut to N774 per liter suggests easing cost pressures, improved operational efficiency and 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 key part of Nigeria’s efforts to reduce fuel imports and conserve foreign exchange. Since it began supplying PMS to the domestic market, the refinery has increasingly influenced downstream pricing, often serving as a reference point for ex-depot rates.
In a separate development, Dangote Group President Aliko Dangote is planning a new investment in Burundi. He visited the East African country with former Nigerian President Olusegun Obasanjo to explore opportunities and advance plans to expand the group’s presence on the continent.
In a statement, the Dangote Group said the visit included high-level talks with Burundian President Evariste Ndayishimiye at the presidential palace. Dangote described the mission as both diplomatic and economic, saying two technical teams — one representing Burundi and the other the Dangote Group — have been set up to identify priority sectors and develop viable investment projects.
“Our focus really is investing heavily in the African continent, not anywhere else, and so Burundi is part and parcel of that African region,” Dangote said.
He cited potential in solid minerals, power generation, agriculture, cement production and infrastructure development, emphasizing the goal of building a mutually beneficial partnership.
The statement said discussions focused on cooperation in infrastructure, logistics, industrialization and energy, sectors Burundi considers central to its long-term economic transformation. Observers described the engagement as a significant step that could position Burundi as a destination for large-scale African investment and deepen its integration into Dangote’s continental expansion strategy.
Together, the petrol price reduction and the Burundi investment initiative underscore Dangote’s dual focus on consolidating its domestic market influence while pursuing broader growth opportunities across Africa.
