Dangote Petroleum Refinery has reduced its gantry price of Premium Motor Spirit (PMS), popularly known as petrol, by N25 per litre, bringing the ex-depot rate down from N799 to N774 per litre.
The new price took effect immediately, according to a notice sent to marketers on Tuesday night.
“This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre,” the refinery stated.
The company said the adjustment is aimed at strengthening the competitiveness of locally refined petroleum products. It noted that the current landing cost of imported PMS from Lome is about N793 per litre, higher than the refinery’s new ex-depot price of N774 per litre.
The reduction is expected to ease pressure on marketers and potentially influence pump prices, depending on distribution and retail margins across the country.
Meanwhile, President of the Dangote Group, Aliko Dangote, is exploring new investment opportunities in Burundi as part of efforts to deepen the conglomerate’s footprint across Africa.
Dangote visited Burundian President Evariste Ndayishimiye at the Presidential Palace, accompanied by former President Olusegun Obasanjo. He described the visit as both diplomatic and economic in scope.
According to him, two technical teams — one from the Burundian government and the other from the Dangote Group — have been set up to identify priority sectors and develop viable investment projects.
“Our focus really is investing heavily in the African continent, not anywhere else, so Burundi is part and parcel of that African region,” Dangote said after the meeting.
He highlighted opportunities in solid minerals, power generation, agriculture, cement manufacturing and infrastructure development, stressing the need for partnerships that drive shared prosperity.
Officials said discussions also covered strategic cooperation in infrastructure, logistics, industrialisation and energy, sectors considered critical to Burundi’s long-term economic transformation.
The engagement is seen as a significant step in positioning Burundi as a destination for large-scale African investment, while reinforcing Dangote Group’s continental expansion strategy.
