Dangote Petroleum Refinery has announced a reduction in its Premium Motor Spirit (PMS) gantry price from N799 to N774 per litre, marking a N25 decrease. This price adjustment is perceived by industry analysts as a strategic recalibration in response to the evolving dynamics of the petroleum market in 2026. The announcement was made via a notice to marketers on Tuesday, emphasizing that the new pricing is effective immediately.

In addition to the price cut, the refinery indicated that it has terminated its PMS lifting incentive, which had been in place until February 10, 2026. This move signals a shift in operational strategies as the refinery adapts to changes within the industry. The revised price has already been updated on industry pricing platforms, confirming that the impact of this change is being felt across the market.

The strategic decision by Dangote Petroleum Refinery to lower petrol prices raises questions about its implications for competition in the petroleum sector and could influence market pricing strategies among other players in the industry. As the refinery navigates the 2026 market conditions, stakeholders will be watching closely to see how these adjustments affect supply, demand, and overall industry dynamics.