The Dangote Refinery has announced the reduction of the pump price of petrol by N25, from N799 T0 N774.
The reduction of price follows a massive importation of Premium Motor Spirit (PMS) by other marketers who intend retain a major share of the downstream sector of the Nigerian petroleum sector.
In a statement shared early Wednesday Dangote Refinery noted:
“This is to notify you of a change in our PMS gantry price from N799 per liter to N774 per liter,”
“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.”
Dangote’s 650,000 barrel per day capacity refinery has been locked in bitter competition with Nigeria’s import cartel that has tried everything including using labour unions to stop local refining.
Nigeria’s state-run refineries have been rendered moribund for nearly three decades despite annual millions of dollars spent on salaries and emoluments.
Successive Nigerian governments have spent millions of dollars for Turn Around Maintenance (TAM) of the refineries in Port Harcourt, Kaduna and Warri, yet till the Dangote Refinery berthed in 2023, the country solely depended on importation of refined petroleum products despite being the 7th largest producer oil within the Organisation of Petroleum Exporting Countries (OPEC).
