Dangote Petroleum Refinery & Petrochemicals has cut its ex‑gantry price for Premium Motor Spirit (PMS) to ₦1,200 per litre, effective Thursday, March 26, 2026, in a move expected to influence downstream fuel pricing nationwide.
The refinery also revised its coastal price to ₦1,153 per litre for marketers purchasing directly at port depots.
The adjustment comes after a review of the refinery’s pricing structure in response to fluctuations in the global oil market.
A spokesperson for the Dangote Group said the reduction is aimed at passing savings along the supply chain and easing operational costs for distributors and marketers.
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The new price represents a drop from over ₦1,270 per litre, giving fuel marketers room to potentially lower retail pump prices.
However, the final price motorists pay will depend on individual station operators and distribution costs.
Since reaching full operational capacity in February 2026, the Dangote Refinery, located in the Lekki Free Trade Zone, has become the largest single-train refinery in the world and a dominant supplier of petrol in Nigeria, substantially cutting the country’s reliance on imported fuel.
Industry observers say the gantry price reduction could offer tangible relief for motorists and transport operators, provided downstream marketers adjust pump prices accordingly in the coming days.