Dangote Petroleum Refinery has reduced its ex-depot price of Premium Motor Spirit, also known as petrol, from N799 to N774 per litre.
The N25 price cut comes as Nigeria’s fuel market continues to stabilise following months of volatility. In 2025, PMS prices remained largely unpredictable and were heavily influenced by fluctuations in the foreign exchange market, as the country depended significantly on imported fuel. As a result, ex-depot prices varied across locations, with some filling stations selling petrol for N700 and above per litre.
Market conditions began to improve toward the end of 2025 when Dangote Refinery increased large-scale domestic supply, particularly in the southern region. The move reduced reliance on import parity benchmarks and contributed to greater price stability.
The latest adjustment was communicated to marketers in a notice issued by the refinery’s Group Commercial Operations Department.
“This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre,” the statement read.
The refinery also announced the end of its PMS lifting incentive.
“Additionally, please note that the PMS lifting bonus ended at 12:00 a.m. on 10 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 stated.
Industry analysts say the closure of the bonus window, alongside the price reduction, signals a shift from volume-driven incentives to a more stable pricing structure as the refinery strengthens its domestic market presence.
The development reflects gradual improvement in the petroleum sector following the removal of fuel subsidy in 2025. Observers also believe the reduction could ease cost pressures across supply chains, particularly in product importation.
