Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) by N25 per litre, bringing the gantry price down from N799 to N774 per litre.
The refinery announced the price adjustment to marketers on Tuesday, stating that the new rate takes immediate effect.
In a notice issued by its Group Commercial Operations Department, Dangote Petroleum Refinery and Petrochemicals FZE confirmed the revision and also announced the end of its PMS lifting incentive.
The company said the lifting bonus ended at midnight on 10 February 2026, adding that credits for qualifying volumes loaded between 2 and 10 February would be reflected in marketers’ account statements.
Industry analysts say the price cut, alongside the withdrawal of the bonus scheme, signals a shift toward a more stable pricing structure as the refinery strengthens its foothold in Nigeria’s domestic fuel market.
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