Dangote Petroleum Refinery has reduced its gantry price of Premium Motor Spirit (PMS) or petrol/fuel by N25 per litre, lowering its former depot/gantry rate from N799 to N774 per litre.
The Group Commercial Operations Department, Dangote Petroleum Refinery and Petrochemicals FZE, made the announcement on Tuesday night through a circular it shared on its official X account.
According to the price adjustment that the company communicated to oil marketers, the new rate takes immediate effect nationwide.
“This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre,” the circular read.
It explained that the adjustment further strengthens the competitiveness of locally refined products, as the current landing price of imported PMS from Lome, Togo stands at about N793 per litre, compared to Dangote Refinery’s ex depot/gantry price of N774 per litre.
The move, effective nationwide from February 10, 2026, follows the refinery’s full operations since 2024, aiming to reduce Nigeria’s $10 billion annual fuel import bill amid ongoing naira volatility.
The refinery also announced an end to its PMS lifting incentive scheme, which it had initially introduced to support volume offtake by petroleum marketers.
“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 read.”
Earlier this week, Dangote had reaffirmed its commitment to supplying high-quality petroleum products at competitive and affordable prices, urging marketers and policymakers to prioritise logistics choices that support price stability and consumer welfare.
It, however, backed gantry loading and cautioned that coastal delivery may add about N75 per litre to the cost of petrol.
The refinery, in a statement, said its position is anchored on sustained investments in critical infrastructure, including a world-class gantry facility with 91 loading bays capable of loading up to 2,900 tankers daily.
It said that operating on a 24-hour basis, the facility can evacuate over 50 million litres of Premium Motor Spirit (PMS), 14 million litres of Automotive Gas Oil (diesel) and other refined products each day, maintaining that gantry loading remains the most economically efficient and operationally effective option.
According to the company, direct gantry evacuation eliminates port charges, maritime levies and vessel-related costs that do not add value to end users, helping to optimise costs, improve distribution efficiency and support price stability.
“However, reliance on coastal delivery, particularly within Lagos State, may introduce avoidable costs with material implications for fuel pricing, consumer welfare and overall economic wellbeing. In our opinion, coastal logistics can add approximately N75 per litre to the cost of petrol, which, if passed on to consumers, would push the pump price of PMS close to N1,000 per litre,” the refinery stated.