Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS) by ₦25 per litre, bringing the ex-depot rate down from ₦799 to ₦774 per litre, a move analysts say reflects a strategic adjustment amid changing market conditions in 2026.
The refinery communicated the price cut to marketers on Tuesday, noting that the new rate takes immediate effect. The announcement coincided with the company’s disclosure of plans to explore fresh investment opportunities in Burundi.
In a notice issued by its Group Commercial Operations Department, Dangote Petroleum Refinery and Petrochemicals FZE informed marketers of the revised PMS price, adding that the incentive scheme for PMS lifting had ended as of 12:00 a.m. on February 10, 2026. It said credits for volumes lifted between February 2 and February 10, within previously agreed thresholds, would be reflected in marketers’ account statements.
Industry analysts say the end of the lifting bonus, alongside the price reduction, signals a shift away from volume-based incentives toward a more stable pricing structure as the refinery strengthens its position in the domestic market.
The latest adjustment comes after a period of sharp price volatility in 2025, triggered by full deregulation of the downstream sector, subsidy removal, exchange rate pressures, and fluctuations in global crude oil prices. During that period, ex-depot prices swung between ₦700 and over ₦800 per litre. Increased domestic supply from the Dangote refinery later helped ease price pressures, particularly in coastal and southern regions.
Earlier in 2026, the refinery had raised its PMS price to ₦799 per litre after selling at ₦699 during the festive season. The current reduction to ₦774 per litre suggests easing cost pressures, improved efficiency, and growing competition from imported products and anticipated output from modular refineries.
With a capacity of 650,000 barrels per day, Dangote Petroleum Refinery remains Africa’s largest single-train refinery and a key driver of Nigeria’s efforts to cut fuel imports and conserve foreign exchange. Its growing role in domestic supply has increasingly influenced downstream pricing trends nationwide.
In a separate development, Dangote Group President Aliko Dangote is exploring new business investments in Burundi as part of the group’s continental expansion strategy. Dangote recently visited the East African country alongside former President Olusegun Obasanjo, holding high-level talks with President Evariste Ndayishimiye at the presidential palace.
According to the Dangote Group, the visit led to the formation of two technical teams—one from Burundi and another from the Dangote Group to identify priority sectors and develop viable investment projects. Dangote said the group’s focus remains firmly on Africa, highlighting opportunities in solid minerals, power generation, agriculture, cement manufacturing, and infrastructure.
Discussions reportedly centered on strategic cooperation in infrastructure, logistics, industrialization, and energy sectors seen as critical to Burundi’s long-term economic growth. Observers say the engagement positions Burundi as an emerging destination for major African investors and reinforces Dangote Group’s broader continental growth ambitions.
Together, the fuel price cut and the Burundi investment push underscore Dangote’s dual strategy of consolidating its influence in Nigeria’s energy market while expanding its footprint across Africa.
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