Dangote Refinery reduces petrol price to N774/litre

Dangote Refinery has slashed its Premium Motor Spirit gantry price by N25 per litre.

This means it has reduced its ex-depot rate from N799 to N774 per litre.

The refinery confirmed the price adjustment to marketers on Tuesday, noting that the new rate takes immediate effect.

In a notice issued by its Group Commercial Operations Department, Dangote Petroleum Refinery and Petrochemicals FZE stated, “This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre.”

Checks on Tuesday confirmed that the revised price had been reflected on industry pricing platforms.

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.