Dangote Petroleum Refinery has lowered the ex‑depot (gantry) price of premium motor spirit (PMS), commonly known as petrol, from ₦799 to ₦774 per litre, the company announced on Tuesday.
The refinery communicated the price adjustment in a circular issued by its Group Commercial Operations Department to petroleum marketers.
Dangote Petroleum Refinery and Petrochemicals FZE is a major domestic supplier of refined petroleum products in Nigeria, operating a facility with a processing capacity of 650,000 barrels per day.
The change in price follows previous adjustments to the refinery’s gantry price during late 2025 and early 2026 amid broader downstream sector dynamics.
In the notice to marketers, the refinery stated: “This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre.”
The refinery also announced the end of its PMS lifting incentive scheme, which had been introduced to support volume offtake by marketers.
The company said that credits corresponding to volumes loaded between February 2 and February 10, 2026, under the earlier communicated thresholds will be posted to marketers’ account statements.
Industry pricing platforms show that the revised ex‑depot price has been reflected in petroleum pricing systems following the announcement.
The adjustment to the gantry price affects the base rate at which marketers acquire locally refined petrol from Dangote Refinery.
The removal of the lifting incentive scheme may alter how marketers plan their purchases and logistics following the end of the programme.
Changes in ex‑depot pricing can influence wholesale and retail petrol pricing structures across the domestic supply chain.
