Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (petrol) from N799 to N774 per litre, effective immediately, while signalling renewed continental expansion with fresh investment talks in Burundi.
In a notice to marketers on Tuesday, the refinery confirmed the N25 price cut and announced the closure of its PMS lifting bonus programme, which ended at midnight on February 10. Analysts say the move reflects improving operational efficiencies, easing cost pressures, and growing competition in Nigeria’s fully deregulated downstream sector.
The 650,000 barrels-per-day refinery, Africa’s largest single-train facility, has become a reference point for domestic fuel pricing since commencing PMS supply. The latest adjustment follows volatile pricing in 2025, with ex-depot rates swinging between N700 and over N800 amid subsidy removal and forex volatility.
Dangote, Obasanjo Woo Burundi
In a parallel development, Aliko Dangote and former President Olusegun Obasanjo have held high-level talks with Burundian President Evariste Ndayishimiye to explore investment opportunities in solid minerals, power generation, agriculture, cement production, and infrastructure development.
A statement from the Dangote Group said two technical teams have been constituted to identify priority sectors and develop viable projects. Dangote reaffirmed the group’s commitment to investing heavily within Africa, describing Burundi as an integral part of the continent’s growth story.
Observers view the engagement as a landmark move positioning Burundi as a credible destination for African mega-investors, while Dangote consolidates its domestic market influence and pursues strategic continental expansion.
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Disclaimer: This report is based on official statements from Dangote Group and industry pricing data. CDA News Nigeria presents business news without editorial bias.
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