Nigeria’s downstream petroleum market is witnessing a notable shift as Dangote Petroleum Refinery announced a reduction in its Premium Motor Spirit (PMS) gantry price, making locally refined petrol cheaper than imported alternatives by ₦19 per litre.
The refinery confirmed that its ex-depot/gantry price has dropped from ₦799 per litre to ₦774 per litre, effective immediately nationwide. In comparison, the current landing cost of imported PMS from Lomé stands at about ₦793 per litre, giving Dangote refined products a clear competitive edge.
The move underscores the growing significance of domestic refining in reducing import dependence and strengthening supply security in Nigeria’s fuel market.
Gantry Price Reduced to ₦774/Litre
In a notice to marketers on Tuesday, Dangote Refinery formally communicated the price adjustment, explaining the change as a strategic decision to enhance the competitiveness of its products.
“This is to notify you of a change in our PMS gantry price from ₦799 per litre to ₦774 per litre,” the management stated in the communication dated February 10, 2026.
Analysts note that gantry price reductions directly affect bulk purchases by marketers and can influence retail pump pricing. By lowering the ex-depot price, Dangote strengthens the attractiveness of locally refined petrol compared to imports, especially for marketers operating within tight margin environments.
Domestic Refining Gains Competitive Edge
The current landing cost of imported PMS, which includes shipping, insurance, port charges and other levies, is ₦793 per litre. Dangote’s revised gantry price now sits ₦19 below this benchmark, giving Nigerian refiners a price advantage over imported petrol.
This differential not only improves the market position of local refineries but also reduces foreign exchange outflows tied to fuel imports. Energy experts say that such pricing moves encourage marketers to source more from domestic facilities, gradually increasing the share of locally refined petrol in the market.
Implications for the Market
The reduction in gantry price is expected to reshape dynamics across the downstream sector. Retailers may pass on some of the savings to consumers, while importers face stronger price pressure.
With Dangote’s PMS now priced below import parity, the refinery is reinforcing Nigeria’s drive toward self-sufficiency in fuel supply and promoting competitive pricing across the value chain.
As the market adjusts to the new pricing, stakeholders will be watching closely to see the impact on retail fuel prices and whether other refiners will follow suit to maintain market relevance