₦airaland Forum

by Chika Izuora


Dangote Petroleum Refinery has slashed ex-depot/gantry price of Petrol by N25 per litre, from N799 to N774 per litre.

The refinery announced the price adjustment to marketers on Tuesday, confirming that the new rate takes immediate effect nationwide.

“This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre,” noted the refinery.

Dangote refinery’s price is strongly competing with imported petrol which current landing price from Lome which is put at about N793 per litre.

The adjustment further strengthens the competitiveness of locally refined products, as the.

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.

The closure of the bonus window, alongside the price cut, signals a transition from volume-driven incentives to a more stable pricing regime as the refinery consolidates its domestic market presence.

In 2025, Petrol ex-depot prices fluctuated sharply, driven by exchange rate pressures, global crude oil movements and reliance on imported fuel. Ex-depot prices at various points ranged between N700 and over N800 per litre, while pump prices climbed even higher in several parts of the country.

The commencement of large-scale domestic supply from the Dangote refinery late in the year moderates prices, particularly along coastal and southern supply corridors, easing pressure on import parity pricing.

At the beginning of 2026, Dangote’s Petrol gantry price increased to N799 per litre after selling to Nigerians at N699 during the festive period.

The latest N25 cut to N774 per litre suggests easing cost pressures and improving operational efficiency, as well as growing competition from alternative supply channels, including imported cargoes and expected output from modular refineries.

Freshtruth:
What kind of desperation is this . This man is ready to drink gutter water to enter that aso rock

mrvitalis:
Would dangote sale for me at 850 but I would sale in Ghana? Lmaooo

The subsidy this time around is crazy over ₦500 in subsidy per litre

Freshtruth:
What kind of desperation is this . This man is ready to drink gutter water to enter that aso rock

mrvitalis:
Would dangote sale for me at 850 but I would sale in Ghana? Lmaooo

The subsidy this time around is crazy over ₦500 in subsidy per litre

Freshtruth:
What kind of desperation is this . This man is ready to drink gutter water to enter that aso rock

mrvitalis:
Would dangote sale for me at 850 but I would sale in Ghana? Lmaooo

The subsidy this time around is crazy over ₦500 in subsidy per litre

Freshtruth:
What kind of desperation is this . This man is ready to drink gutter water to enter that aso rock

Freshtruth:
What kind of desperation is this . This man is ready to drink gutter water to enter that aso rock

thesolutions:
Dangote is not straight forward.

He brought down his price to 699, marketers stop import and switch to dangote product. After making payments for millions of litters, he revert to 799 per liter.

The catch is you would be supplied the quantity that the current price can buy with the already made payment.

He has proven that he can not be trusted.

It's time for government to place high tariffs on export of Petroleum products by dangote while using it to subsidize import and cutting off completely naira for crude sales by NNPC.

He will have no option than to negotiate fixed local price for the product or drink it if no country is willing to buy from him.

It's about time Nigeria government begin reaping foreign exchange from that refinery or render it useless should dangotes greed persist.

thesolutions:
Dangote is not straight forward.

He brought down his price to 699, marketers stop import and switch to dangote product. After making payments for millions of litters, he revert to 799 per liter.

The catch is you would be supplied the quantity that the current price can buy with the already made payment.

He has proven that he can not be trusted.

It's time for government to place high tariffs on export of Petroleum products by dangote while using it to subsidize import and cutting off completely naira for crude sales by NNPC.

He will have no option than to negotiate fixed local price for the product or drink it if no country is willing to buy from him.

It's about time Nigeria government begin reaping foreign exchange from that refinery or render it useless should dangotes greed persist.

Freshtruth:
What kind of desperation is this . This man is ready to drink gutter water to enter that aso rock

Inspirer1:
if this is possible, them it's good!
The back amd forth is tiring

thesolutions:
It's very easy. It's the only language dangote will understand.

Nigeria government will loose nothing.
He will have to buy our crude in dollars.
If he prioritize export, fx will be flowing in as tariffs.

A portion of the sales of crude and tariffs will be used to subsidize import to make it cheaper. That will mean him competing with other foreign refineries in price battle.

He will be the one begging.

Government has given him everything but he is riding the government.

thesolutions:
Dangote is not straight forward.

He brought down his price to 699, marketers stop import and switch to dangote product. After making payments for millions of litters, he revert to 799 per liter.

The catch is you would be supplied the quantity that the current price can buy with the already made payment.

He has proven that he can not be trusted.

It's time for government to place high tariffs on export of Petroleum products by dangote while using it to subsidize import and cutting off completely naira for crude sales by NNPC.

He will have no option than to negotiate fixed local price for the product or drink it if no country is willing to buy from him.

It's about time Nigeria government begin reaping foreign exchange from that refinery or render it useless should dangotes greed persist.

thesolutions:
Dangote is not straight forward.

He brought down his price to 699, marketers stop import and switch to dangote product. After making payments for millions of litters, he revert to 799 per liter.

The catch is you would be supplied the quantity that the current price can buy with the already made payment.

He has proven that he can not be trusted.

It's time for government to place high tariffs on export of Petroleum products by dangote while using it to subsidize import and cutting off completely naira for crude sales by NNPC.

He will have no option than to negotiate fixed local price for the product or drink it if no country is willing to buy from him.

It's about time Nigeria government begin reaping foreign exchange from that refinery or render it useless should dangotes greed persist.

RealLordZeus:
Imported petrol lands at 790 from Lome according to the article , yet you are saying subsidy

ogene007:
This is the wish of all the foreign owned refineries whose aim is to kill local refineries in Nigeria. It will never happen! What will help our balance of trade is killing of every form of importation, and increasing local production of everything, if possible. We need to put an end to every form of importation of petroleum products while supporting more local refineries to come on board. All these people who want to be importing petroleum products should pull funds together and build their own refineries, or forget about the business. We need to protect Dangote refinery and other local refineries because that is the right thing to do for job creation, increased FX inflows, stronger naira etc.

JuanDeDios:
What subsidy are you talking about?

nairalanda1:
You guys should cool it with the abuse of some of these political leaders. They are old enough to be yer parents. Calm down.