Dangote Petroleum Refinery has reduced its ex-depot price of Premium Motor Spirit (PMS) by N25 per liter, bringing the gantry rate down from N799 to N774 per liter.
The company informed petroleum marketers of the new price on Tuesday and said the adjustment takes effect immediately.
In a circular 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 liter to N774 per liter.”
The refinery also announced the end of its PMS lifting incentive scheme, which was introduced to support high-volume purchases by marketers.
According to the notice, “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 amid ongoing changes in Nigeria’s petrol market following the full deregulation of the downstream sector and the removal of fuel subsidies in 2025.
Throughout much of last year, petrol prices remained unstable due to fluctuations in foreign exchange rates, changes in global crude oil prices, and Nigeria’s heavy reliance on imported fuel. During that period, ex-depot prices in different locations ranged from about N700 to over N800 per litre, while pump prices were even higher in many states.
The entry of large-scale local supply from the Dangote refinery towards the end of 2025 helped to reduce pressure on prices, especially in coastal and southern supply routes, and lowered dependence on imported fuel.
In the early weeks of 2026, the refinery had increased its PMS gantry price to N799 per litre after selling petrol at N699 per litre during the festive season.
The company’s latest adjustment is expected to influence fuel distribution costs and retail prices across the country in the coming days.
