Dangote Petroleum Refinery has cut its Premium Motor Spirit (PMS) gantry price from ₦799 per litre to ₦774 per litre, reducing its ex-depot rate by ₦25.
Accordingly, the refinery informed marketers of the adjustment on Tuesday and confirmed that the new price takes immediate effect.
In a notice to partners, the Group Commercial Operations Department stated:
“This is to notify you of a change in our PMS gantry price from ₦799 per litre to ₦774 per litre.”
Lifting Bonus Programme Ends
Dangote Refinery has also ended its weekly PMS lifting bonus scheme. The programme officially closed at 12:00 a.m. on February 10, 2026.
However, marketers who loaded volumes between February 2 and February 10, 2026, within the approved thresholds, will still receive their bonus credits. The refinery will post the credits directly to their account statements.
“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,” the notice added.
Market Impact
The ₦25 price cut is likely to reshape depot competition, especially as private depots continue to adjust prices to attract buyers. Lower gantry rates often give marketers room to revise pump prices, depending on transport and distribution costs.
Market analysts say the decision reflects an active pricing strategy at the Lekki-based 650,000 barrels-per-day refinery. With the lifting bonus now concluded, the refinery appears to have shifted from volume incentives to direct price reduction.
Dangote Refinery thanked its partners for their continued support and reaffirmed its commitment to a stable fuel supply.
Meanwhile, the adjustment comes at a time of intense competition in Nigeria’s deregulated petrol market, where ex-depot prices strongly influence retail pricing across the country.