The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) by ₦25, bringing the gantry price down from ₦799 to ₦774 per litre.
The price cut, which took effect on Tuesday, was communicated to oil marketers in an official notice from the refinery’s Group Commercial Operations Department.
This is to notify you of a change in our PMS gantry price from ₦799 per litre to ₦774 per litre,” the notice read.
In addition to the price review, Dangote announced the end of its PMS lifting bonus, a temporary incentive introduced earlier in the month.
“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,” the refinery said.
The end of the incentive, coupled with the price drop, signals a shift from volume-based promotional pricing to a more stable market-driven regime, analysts say.
Industry experts describe the move as a strategic recalibration, particularly in the wake of volatile PMS pricing throughout 2025, following the federal government’s full deregulation of the downstream sector and the removal of fuel subsidies.
Throughout much of last year, ex-depot prices swung between ₦700 and ₦800 per litre, driven by exchange rate fluctuations, crude oil prices and the absence of domestic refining capacity.
The entry of the 650,000 barrels-per-day Dangote refinery into the market in Q4 2025 marked a turning point, with large-scale local production helping to temper supply pressures and stabilise prices, especially across southern and coastal corridors.
In early 2026, Dangote had increased its gantry rate to ₦799 per litre after selling petrol at ₦699 during the festive season.
The new ₦774 rate suggests a possible easing of cost pressures, improved operational efficiency, and increasing competition from imported PMS cargoes and modular refineries.
