The Dangote Petrochemicals Refinery has quietly launched a N10 rebate on Premium Motor Spirit (PMS), successfully lowering the value for entrepreneurs to N825 per litre, First Information can verify.
Although the official ex-gantry worth stays N835 per litre, sources stated on Monday that entrepreneurs obtain a N10 rebate after loading and evacuating the product from the refinery—bringing the actual buy price all the way down to N825.
Whereas not formally declared as a worth slash, the rebate serves as a strategic worth adjustment, enabling Dangote’s clients to promote petrol at a barely decrease vary of N830–N835 per litre. This transfer undercuts costs from import-dependent entrepreneurs and personal depots, giving Dangote a aggressive edge within the native downstream market.
READ ALSO: Entrepreneurs Wrestle as Petrol Touchdown Prices Soar Above Dangote Costs
This improvement follows latest worth revisions by the refinery in April, when it slashed its petrol worth by N45 inside per week—from N880 to N835 per litre—amid strain to stabilize gas provide and align with native refining insurance policies.
The most recent rebate additionally coincides with the resumption of the Naira-for-Crude settlement between the Federal Authorities and native refiners, aimed toward lowering international change burdens and inspiring home gas manufacturing.
Trade stakeholders say the rebate, although delicate, is already reshaping market dynamics and forcing different suppliers to rethink their pricing.
