Dangote Petroleum Refinery has reduced its Premium Motor Spirit (PMS) gantry price by ₦27 per litre, following a review of its weekly lifting bonus for marketers.
Checks by Petroleumprice.ng confirm that the refinery’s petrol price fell from ₦799.50 per litre on February 3 to ₦772.50 per litre as of yesterday. This marks one of the sharpest single price adjustments recorded so far this year.
The reduction comes days after the company formally notified partners of a downward review in its PMS lifting incentive.
Revised Weekly PMS Lifting Bonus
In a notice signed by its Group Commercial Operations team, Dangote Petroleum Refinery and Petrochemicals FZE announced that the revised weekly PMS lifting bonus took effect on February 2, 2026.
Under the updated structure, bonuses now depend on weekly loaded volumes:
| Weekly Loaded Volume (Litres) | Lifting Bonus (₦/Litre) |
|---|---|
| 250,000 – 1,999,999 | 20 |
| 2,000,000 – 4,999,999 | 25 |
| 5,000,000 and above | 30 |
The refinery encouraged marketers to increase their weekly volumes to maximise the incentive.
Market sources say the revised rebate structure effectively reduced marketers’ net cost, which supported the ₦27 per litre adjustment at the gantry.
Strategic Pricing Move
The drop from ₦799.50 to ₦772.50 per litre signals a deliberate pricing strategy. By strengthening volume-based incentives, the refinery is pushing higher throughput while maintaining competitive positioning.
In addition, the broader bonus coverage — especially for large-volume lifters — may help sustain gantry activity amid stiff competition from private depots.
Analysts note that Dangote Refinery has previously used incentive-backed adjustments to stabilise sales and defend market share during periods of pricing pressure.
Market Outlook
The ₦27 per litre decline is likely to influence depot and retail pricing across major supply corridors, particularly in Lagos and surrounding states.
Higher-volume marketers stand to benefit the most under the new structure. As a result, lifting volumes are expected to rise in the coming days.
With competition intensifying in the downstream sector, the latest adjustment underscores Dangote Refinery’s use of structured bonuses as a tactical pricing tool. Market participants will closely watch how rival depots respond.