Dangote refinery lowers petrol price and eyes Burundi expansion
Dangote Petroleum Refinery has reduced its petrol gantry price, signaling a strategic shift in Nigeria’s fuel market. The refinery also ended its PMS lifting incentive and is moving toward a more stable pricing regime. Meanwhile, Aliko Dangote is exploring new investment opportunities in Burundi, accompanied by former President Olusegun Obasanjo. The group’s latest moves highlight its ambition to strengthen both domestic and continental business influence.
TLDR
- Dangote Petroleum Refinery cut its Premium Motor Spirit (petrol) gantry price by N25 per litre, lowering the ex-depot rate from N799 to N774 per litre.
- The refinery informed marketers that the PMS lifting bonus ended at 12:00 a.m. on 10th February 2026, with credits for volumes loaded from 2nd to 10th February 2026.
- The price reduction follows a period of volatile PMS pricing and reflects easing cost pressures and increased competition.
- Aliko Dangote and Olusegun Obasanjo visited Burundi to explore new business investments, meeting with President Evariste Ndayishimiye.
- Two technical teams have been constituted to identify priority sectors and develop investment projects in Burundi, focusing on infrastructure, logistics, industrialisation, and energy.
