Dangote Petroleum Refinery has reduced its Premium Motor Spirit gantry price by N25 per litre, bringing the ex-depot rate down from N799 to N774 per litre.
The adjustment, which takes immediate effect, was communicated to marketers on Tuesday in a notice issued by the refinery’s Group Commercial Operations Department.
“This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre,” the statement read.
The refinery also announced the conclusion of its PMS lifting incentive, noting that the bonus window closed at midnight on February 10, 2026.
It added that credits for volumes loaded between February 2 and 10, within previously approved thresholds, would be reflected in marketers’ account statements.
Checks on industry pricing platforms indicated that the new rate had already been updated.
Analysts said the simultaneous price reduction and discontinuation of volume incentives suggest a recalibration of pricing strategy as the refinery strengthens its foothold in the domestic market.
The development comes amid continued volatility in the downstream sector following full deregulation and the removal of petrol subsidy.
In 2025, ex-depot prices fluctuated widely, influenced by exchange rate instability, global crude oil trends and dependence on fuel imports, with rates swinging between N700 and above N800 per litre.
Dangote Refinery had earlier raised its gantry price to N799 per litre in early 2026 after offering fuel at N699 during the festive season.
The latest cut to N774 is seen as reflecting easing cost pressures, improved operational efficiency and growing competition from imported products and anticipated output from modular refineries.
With a refining capacity of 650,000 barrels per day, the Dangote facility remains Africa’s largest single-train refinery and a key component of Nigeria’s efforts to curb fuel imports and conserve foreign exchange.
Since commencing domestic PMS supply, the refinery has played a significant role in shaping ex-depot pricing across the country.
Meanwhile, President of the Dangote Group, Aliko Dangote, is exploring new investment opportunities in Burundi as part of the conglomerate’s continental expansion drive.
Dangote visited the East African nation alongside former President Olusegun Obasanjo, where they held talks with President Evariste Ndayishimiye at the presidential palace.
In a statement, the company disclosed that both parties agreed to set up technical teams to identify priority sectors and develop viable projects.
Dangote said the group’s investment focus remains firmly on Africa.
“Our focus is on investing heavily within the African continent, and Burundi is an important part of that vision,” he was quoted as saying.
He highlighted opportunities in solid minerals, power generation, agriculture, cement manufacturing and infrastructure, stressing the objective of building mutually beneficial partnerships.
According to the statement, discussions centred on cooperation in infrastructure, logistics, industrialisation and energy—sectors considered critical to Burundi’s long-term economic growth strategy.
Industry observers described the engagement as a significant step in positioning Burundi as a destination for major African investors, while reinforcing Dangote Group’s strategy of expanding its footprint across the continent.
The petrol price cut and the Burundi investment move underscore the group’s parallel focus on consolidating its domestic operations and advancing its pan-African growth ambitions.