Dangote Refinery Reduces Ex-Depot Petrol Price to ₦774 per Litre
Dangote Petroleum Refinery has once again adjusted its pricing, cutting the ex-depot price of Premium Motor Spirit (PMS) popularly known as petrol by ₦25 per litre, bringing the gantry rate down from ₦799 to ₦774 per litre.
Why the Price Cut?
In an official notice issued by the refinery’s Group Commercial Operations Department, Dangote Petroleum Refinery explained the adjustment as part of its pricing strategy amid dynamic market conditions. The refinery highlighted that its ex-depot price now sits below the current landing cost of imported petrol, which is estimated at around ₦793 per litre from the port of Lome. This underscores a deliberate effort to make domestically refined petrol more competitive than imported alternatives.
According to the statement circulated to marketers:
“This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre,” the refinery confirmed, adding that the PMS lifting incentive scheme has ended and any outstanding credits for eligible volumes will be posted to accounts accordingly.
Positioning Local Refining Against Imports
Analysts view this pricing move as a strategic play in the broader context of Nigeria’s evolving petroleum market. For decades, Nigeria relied heavily on imported refined fuel, even though it is an oil-producing nation.
The commissioning of the Dangote refinery in 2024 Africa’s largest single-train facility with a 650,000 barrels-per-day capacity aimed to change that narrative.
By maintaining an ex-depot price lower than import parity benchmarks, Dangote is encouraging marketers to source more volumes locally, which could gradually reduce the nation’s reliance on imported premium motor spirit.
Market Outlook and Competitive Dynamics
The reduction to ₦774 per litre follows a series of pricing swings throughout 2025 and early 2026, as Dangote refinery and other players adjust to market forces. Earlier in the year, the refinery had increased its ex-depot price to ₦799 per litre after selling petrol at around ₦699 during the festive season, reflecting cost realignments following supply and demand pressures.
Looking Ahead
The long-term benefits of this price adjustment will hinge on sustained local supply, efficient distribution channels, and the pass-through of ex-depot savings to everyday motorists. That’s a story the Nigerian economy and petrol consumers will be watching closely in the months ahead.
Read Also:
- Dangote Refinery Saves Nigeria Over ₦10bn in Forex Annually as Local Fuel Production Expands
- NNPC Cuts Pump Price of Petrol by ₦15 in Response to Market Pressure
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