Dangote Petroleum Refinery has reduced the price of Premium Motor Spirit (petrol) by N25 per litre.

This adjustment lowers its ex-depot rate from N799 to N774 per litre.

The refinery communicated the adjustment to marketers on Tuesday. It stated that the new price takes immediate effect.

In a notice, Dangote said, “This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre.”

The refinery also informed marketers that its PMS lifting incentive ended at midnight on February 10. Credits for volumes loaded within the stipulated bonus period will be posted to their accounts.

The price cut comes amid evolving market dynamics following Nigeria’s downstream deregulation and the removal of petrol subsidies. Dangote’s refinery, with a capacity of 650,000 barrels per day, has played a key role in moderating prices since it began large-scale domestic supply late last year.

In a separate development, Dangote Group President Aliko Dangote visited Burundi with former President Olusegun Obasanjo to explore new investment opportunities.

During high-level talks with Burundian President Evariste Ndayishimiye, Dangote highlighted potential investments in solid minerals, power generation, agriculture, cement production, and infrastructure.

“Our focus really is investing heavily in the African continent, not anywhere else, and so Burundi is part and parcel of that African region,” Dangote stated.

Technical teams from both sides have been set up to identify priority sectors and develop viable projects. This aligns with Burundi’s goal of attracting large-scale private investment.

The twin moves illustrate Dangote’s strategy of consolidating domestic market influence while pursuing strategic expansion across Africa.