Dangote cuts fuel price, explores new Burundi investments
Dangote Petroleum Refinery has lowered its petrol price by N25 per litre and is planning new investments in Burundi.
Dangote Petroleum Refinery has recently announced a reduction in its Premium Motor Spirit (petrol) gantry price by N25, bringing the ex-depot rate down from N799 to N774 per litre. This strategic move is seen as a response to changing market dynamics, with industry analysts noting its importance for positioning within the competitive landscape, especially as 2026 unfolds. The announcement was communicated to marketers, highlighting Dangote's proactive stance in adjusting its pricing amid evolving economic conditions.
In addition to the price cut, Dangote Petroleum Refinery is setting its sights on expanding its business footprint into Burundi, indicating an intent to explore new investment opportunities in the region. This step reflects the company's broader strategy to diversify its operational base and enhance its presence in neighboring markets. The refinery's management has made it clear that they are actively planning to tap into various investment avenues, reinforcing their commitment to growth and expansion in West Africa.
Furthermore, the refinery has notified marketers that the cash incentive linked to PMS lifting has concluded as of February 10, 2026. Such measures are crucial as they signal adjustments in operational incentives that could affect how marketers engage with the brand in a competitive fuel market. By recalibrating prices and adapting their business strategy, Dangote Petroleum Refinery aims to maintain its leading role in the petroleum sector while also exploring new territories for growth in the African market.