Dangote Petroleum cuts PMS price by N25 to N774/litre, ends lifting bonus, and plans strategic investment in Burundi to expand African operations

Dangote Petroleum Refinery has reduced its Premium Motor Spirit (PMS) gantry price by N25 per litre, bringing the ex-depot rate down from N799 to N774 per litre, in a move analysts describe as a strategic market recalibration.

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The price adjustment, communicated to marketers on Tuesday, takes immediate effect. The refinery also announced the conclusion of its PMS lifting incentive, signalling a shift from volume-driven promotions to a more stable pricing framework.

In a notice, Dangote Petroleum stated, “This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre… please note that the PMS lifting bonus ended at 12:00 a.m. on 10th February 2026.

Corresponding credits for volumes loaded from 2nd to 10th February 2026 will be posted to your account statement.”

Industry analysts note that the cut reflects easing cost pressures, improving operational efficiency, and growing competition from alternative fuel supply channels, including imported cargoes and modular refineries.

Since its full-scale domestic supply commenced in late 2025, Dangote Petroleum, Africa’s largest single-train refinery at 650,000 barrels per day, has increasingly influenced downstream pricing.

The latest reduction follows a period of volatility in 2025 after the full deregulation of Nigeria’s downstream sector, when ex-depot PMS prices fluctuated between N700 and over N800 per litre due to exchange rate pressures, global crude movements, and reliance on imported fuel.

In a separate development, the President of the Dangote Group, Aliko Dangote, has unveiled plans for a new investment in Burundi.

Accompanied by former President Olusegun Obasanjo, Dangote held high-level talks with Burundian President Evariste Ndayishimiye, focusing on infrastructure, logistics, industrialisation, and energy projects.

Two dedicated technical teams, representing Burundi and the Dangote Group, have been formed to identify priority sectors and develop viable projects.

Dangote highlighted opportunities in solid minerals, power generation, agriculture, cement production, and broader infrastructure development, framing the initiative as a strategic continental expansion.

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Observers see these twin moves—the PMS price reduction and the Burundi investment—as reflective of Dangote’s dual approach: consolidating domestic market leadership while pursuing growth opportunities across Africa.