Dangote Petroleum Refinery has reduced its gantry price of Premium Motor Spirit (PMS) by N25 per litre, bringing the rate down from N799 to N774 per litre.
Gatekeepers News reports that the price adjustment was announced on Tuesday night in a circular issued by the Group Commercial Operations Department, Dangote Petroleum Refinery and Petrochemicals FZE, and shared on the company’s official X (formerly Twitter) account.
According to the notice sent to oil marketers, the new price 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 stated.
The company said the new price enhances the competitiveness of locally refined fuel, noting that the current landing cost of imported PMS from Lome, Togo, is about N793 per litre, compared to Dangote’s ex-depot rate of N774 per litre.
The price cut, effective February 10, 2026, comes as the refinery continues full-scale operations launched in 2024, part of efforts to reduce Nigeria’s estimated $10 billion annual fuel import bill and ease the impact of ongoing naira volatility.
End of lifting incentive
Dangote also announced the end of its PMS lifting incentive scheme, which had been introduced to encourage volume offtake by 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.
Logistics and pricing
Earlier this week, the refinery reaffirmed its commitment to supplying high-quality petroleum products at competitive and affordable prices, while urging marketers and policymakers to prioritise logistics that support price stability and consumer welfare.
While backing gantry loading, the company warned that coastal delivery could add about N75 per litre to the cost of petrol.
In a statement, the refinery said it has invested heavily in infrastructure, including a world-class gantry facility with 91 loading bays capable of loading up to 2,900 tankers daily.
Operating on a 24-hour basis, the facility can evacuate more than 50 million litres of PMS, 14 million litres of diesel, and other refined products every day.
According to the company, direct gantry evacuation eliminates port charges, maritime levies and vessel-related costs that do not add value to consumers, helping to optimise distribution and stabilise prices.
“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.
