Dangote Refinery’s ₦774/Litre Petrol Cheaper Than Imported Petrol

The Dangote refinery announced the price adjustment to marketers on Tuesday, confirming that the new rate 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,” noted the refinery.

Dangote refinery’s price is strongly competing with imported petrol which current landing price from Lome which is put at about N793 per litre.

The adjustment further strengthens the competitiveness of locally refined products, as the.

The refinery also informed marketers that its PMS lifting incentive had ended.

“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.

The closure of the bonus window, alongside the price cut, signals a transition from volume-driven incentives to a more stable pricing regime as the refinery consolidates its domestic market presence.

In 2025, Petrol ex-depot prices fluctuated sharply, driven by exchange rate pressures, global crude oil movements and reliance on imported fuel. Ex-depot prices at various points ranged between N700 and over N800 per litre, while pump prices climbed even higher in several parts of the country.

The commencement of large-scale domestic supply from the Dangote refinery late in the year moderates prices, particularly along coastal and southern supply corridors, easing pressure on import parity pricing.

At the beginning of 2026, Dangote’s Petrol gantry price increased to N799 per litre after selling to Nigerians at N699 during the festive period.

The latest N25 cut to N774 per litre suggests easing cost pressures and improving operational efficiency, as well as growing competition from alternative supply channels, including imported cargoes and expected output from modular refineries.