Dangote Refinery has reduced the price of Premium Motor Spirit (PMS), also known as petrol at its gantry to ₦828 per litre, from ₦877 sold previously. This change reflects a 5.6 per cent drop. The price slash comes amid heightening competition in the downstream petroleum market The Major Energies Marketers Association of Nigeria (MEMAN) last …
Dangote Refinery Slashes Gantry Price of Petrol to ₦828/litre as Competition Heightens
Dangote Refinery has reduced the price of Premium Motor Spirit (PMS), also known as petrol at its gantry to ₦828 per litre, from ₦877 sold previously.
This change reflects a 5.6 per cent drop.
The price slash comes amid heightening competition in the downstream petroleum market
The Major Energies Marketers Association of Nigeria (MEMAN) last week stated that the landing cost of the product was ₦829.77 per litre, a 5.69 per cent lower than the ₦877 then sold at Dangote Refinery’s gantry.
The development led industry stakeholders to raise questions why a local refinery should sell petrol at a price higher than imported ones.
Some marketers threatened to abandon Dangote Refinery in favour of cheaper imported petroleum products.
However, in a swift reaction, the 650,000 barrels per day refinery cut its gantry price to ₦828.
The latest edition of Energy Bulletin published by MEMAN’s Competency Centre on Thursday, November 6, 2025, indicated that Dangote Refinery gantry price has dropped to ₦828, coastal price ₦815.14, while the landing cost for imported PMS was put at ₦830.82 per litre, a slight increase from the cost last week.
READ ALSO: Dangote Refinery Backs 15% Fuel Import Tax, Pushes Against Substandard Products
Some analysts said the difference in the cost of imported fuel and local one prompted the imposition of 15 per cent import duty on petrol and diesel brought into the country.
Pinnacle Daily reports that other private depots have also reduced their prices. As of Friday, November 7 data published by Petroleumprice.ng revealed that Aiteo dropped by 1.37 per cent to 850 per litre, Bovas dropped by 2.42 per cent to ₦848 per litre. Eternal is ₦870, Ardova PLC ₦870, AIPEC ₦869, NIPCO Lagos, ₦868, Hyden ₦868, Sobaz ₦907, Mainland -₦907, Rainoil Delta, ₦885, Matrix Warri ₦885, A.A. Rani ₦870 and Borno ₦875.
Industry stakeholders have confirmed that NNPC Ltd will be providing the 650,000 barrels-per-day refinery with five crude shipments set to load in December. The shipments will include Amenam, Bonny Light, CJ Blend, Forcados, and Qua Iboe.
The change in pricing is expected to offer some relief to fuel marketers and consumers across the country, after experiencing several weeks of high pump prices, due to supply chain disruption, caused by a nationwide strike embarked on by the Petroleum and Natural Gas Senior Staff Association Nigeria (PENGASSAN) over labour dispute with the Dangote Refinery.
Depot operators in Lagos have indicated that they began loading at the revised price early on Friday, and a similar decrease in prices at retail stations is expected to follow suit in the next few days.
The latest price adjustment by the Dangote Refinery, further demonstrates its growing influence in moderating fuel prices and balancing Nigeria’s downstream market after the deregulation.
The effect of the petrol price adjustment is yet to be felt at the filling stations such as NNPC Limited, MRS, Ardova are still selling between N920 and N925 per litre in Lagos.
Victor Ezeja is a passionate journalist, scholar and analyst of socioeconomic issues in Nigeria and Africa. He is skilled in energy reporting, business and economy, and holds a master's degree in mass communication.
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