Dangote Petroleum Cuts Petrol Price by N25, Eyes New Investment in Burundi
Dangote Petroleum Refinery has reduced its Premium Motor Spirit (PMS) gantry price by N25 per litre, lowering the ex-depot rate from N799 to N774, a move industry analysts describe as a strategic recalibration amid evolving market dynamics in 2026.
The price adjustment, communicated to marketers on Tuesday, takes immediate effect. In a notice, the refinery’s Group Commercial Operations Department stated:
“This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre.”
The notice also confirmed the closure of the PMS lifting incentive, noting that credits for volumes loaded between 2nd and 10th February 2026 will be posted to marketers’ accounts. Analysts say the end of the bonus window, coupled with the price reduction, signals a shift from volume-driven incentives to a more stable pricing regime as Dangote consolidates its domestic market presence.
The latest price cut comes after volatile PMS pricing in 2025, following the full deregulation of the downstream sector and removal of petrol subsidies. Price swings were driven by exchange rate pressures, global crude movements, and reliance on imported fuel. The commencement of large-scale domestic supply from Dangote Refinery late last year helped moderate prices, especially along coastal and southern supply corridors.
Dangote Petroleum Refinery, Africa’s largest single-train refinery with a 650,000 barrels per day capacity, has become a major determinant of ex-depot PMS rates in Nigeria, helping reduce fuel imports and conserve foreign exchange.
In a separate development, Dangote Group President Aliko Dangote is planning a new business investment in Burundi, following a visit with former President Olusegun Obasanjo to explore opportunities for continental expansion.
The visit included high-level talks with Burundian President Evariste Ndayishimiye, focusing on strategic cooperation in infrastructure, logistics, industrialisation, energy, and agriculture. Two technical teams—one from Burundi and the other representing Dangote Group—have been constituted to identify priority sectors and develop viable projects.
Dangote emphasised that the engagement is part of the group’s broader strategy to invest heavily across Africa, highlighting sectors such as solid minerals, power generation, cement production, and infrastructure development. Observers view the initiative as a landmark step positioning Burundi as a credible destination for African mega-investors.
Together, the PMS price reduction and the Burundi investment plans illustrate Dangote’s dual focus on consolidating domestic market influence while pursuing strategic continental growth.
