By Atoyebi Nike
Published: May 12, 2025
The Dangote Petrochemicals Refinery has discreetly implemented a further reduction in the ex-gantry price of Premium Motor Spirit (PMS), popularly known as petrol, providing a N10 rebate per litre to marketers following successful product loading at its facility.
Though the ex-depot price remains officially pegged at N835 per litre, It was confirmed on Monday that the refinery now refunds N10 per litre post-evacuation, effectively bringing the net cost down to N825 per litre.
The strategic rebate enables marketers to retail petrol between N830 and N835, giving them a competitive edge over import-dependent distributors and private depot operators struggling with higher landing costs.
This latest move follows a sharp reduction in April, when the Dangote Refinery slashed its gantry price by N45 per litre—from N880 to N835—within a single week. That adjustment had marked the refinery’s growing capacity to influence local fuel pricing dynamics positively.
The price shift also coincides with the resumed implementation of the Naira-for-Crude policy, which was recently reactivated after a brief suspension. The policy facilitates domestic crude supply to local refiners, reducing pressure on foreign exchange and import logistics.
Industry observers say the rebate is not just a pricing strategy but part of a broader effort by the Dangote Group to establish market dominance, improve affordability, and support national energy independence.
