In a move that will bring relief to Nigerians, the Dangote Petroleum Refinery has announced another reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol.
Effective immediately, the gantry price has been slashed from ₦799 to ₦774 per litre — a reduction of ₦25.
This is the latest in a series of price cuts by the refinery, which has now reduced PMS prices three times since August 2025.
Why This Matters
At ₦774 per litre, Dangote petrol is now officially cheaper than imported fuel.
The current landing cost of imported PMS from Lome, Togo, stands at approximately ₦793 per litre.
That means Dangote’s local refining advantage is finally translating into direct savings for marketers — and ultimately, consumers.
Timeline: Dangote’s Price Cuts in 2025–2026
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August 2025: Reduced ex-depot price by ₦30
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December 11–12, 2025: Massive cut of ₦129 (from ₦828 to ₦699)
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February 2026: Another ₦25 cut — from ₦799 to ₦774
What Marketers Are Saying
The refinery communicated the latest adjustment to marketers on Tuesday via an official notice:
“This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre.”
While many dealers have welcomed the development, there are questions about whether the reduction will be passed on to consumers at the pump — or absorbed into margins.
What This Means for Your Pocket
Here’s how the new price affects everyday Nigerians:
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Car owners: Filling a 40-litre tank now costs ₦1,000 less than at the previous rate.
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Transport fares: If marketers pass on the savings, commuters could see gradual reductions in transport costs.
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Inflation: Cheaper fuel could ease pressure on the prices of food and goods.
Will Other Stations Follow?
With local refining now consistently undercutting imports, all eyes are on other fuel suppliers.
Industry analysts suggest Dangote’s pricing strategy may force competitors to lower their depot prices — or risk losing market share.
Final Thoughts
This is more than just a price cut. It signals that local refining is maturing, and Nigerians may finally begin to feel the long-awaited benefits of the Dangote Refinery.
For now, the big question remains:
Will the filling stations pass the savings to Nigerians?
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