Dangote Cuts Petrol Price

News Update

Dangote Refinery has slashed its Premium Motor Spirit, PMS, gantry price to N774 per liter, down from N799, in a strategic move to edge out fuel importers in Nigeria.

The 650,000 barrels-per-day refinery disclosed this in a notice on Tuesday. This means the plant reduced its entry petrol price by N25 per liter.

“This is to notify you of a change in our PMS gantry price from N799 per liter to N774 per liter,” the refinery said.

Meanwhile, the refinery informed petroleum marketers that its gantry petrol lifting bonus has ended.

“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 notice added.

While Dangote’s gantry price now stands at N774 per liter, depot owners like Eterna and MENJ report ex-depot prices of N790 per liter, according to petroleumpriceng.com.

Dangote Refinery’s downward price review comes at a time when imported petrol dropped to an average of N721.80 per liter, according to data from the Major Energies Marketers Association of Nigeria released last Friday.

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Meanwhile, retail petrol prices remain between N839 and N905 per liter in Abuja.

Recall that in January 2026, Dangote Refinery had increased its gantry price to N799 per liter, up from N699, which triggered a nationwide hike in retail fuel prices.