Dangote Petroleum Refinery has reduced its gantry price of Premium Motor Spirit (PMS), also known as petrol, by N25 per litre, lowering the ex-depot rate from N799 to N774 per litre.
The price adjustment, which takes immediate effect nationwide, was communicated 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 in a notice to its partners.
In a statement, the company said the reduction further enhances the competitiveness of locally refined petroleum products. It noted that the current landing cost of imported PMS from Lome stands at about N793 per litre, significantly higher than its new ex-depot price of N774 per litre.
The development comes as the President of the Dangote Group, Aliko Dangote, intensifies efforts to expand the conglomerate’s footprint across Africa.
As part of this drive, Dangote recently visited Burundian President Evariste Ndayishimiye at the Presidential Palace in Bujumbura to explore new investment opportunities in the East African country.
Accompanied by former President Olusegun Obasanjo, Dangote described the visit as both diplomatic and economic in scope, aimed at deepening economic cooperation and identifying viable sectors for investment.
He disclosed that two technical teams—one from Burundi and the other from the Dangote Group—have been set up to identify priority sectors and develop bankable 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 strong potential in solid minerals, power generation, agriculture, cement production, infrastructure, and logistics, stressing that the objective is to build mutually beneficial partnerships that will drive industrial growth and shared prosperity.
According to official sources, discussions during the visit centred on strategic collaboration in infrastructure, logistics, industrialisation, and energy—key sectors identified by the Burundian government as critical to its long-term economic transformation.
Observers say the engagement marks a significant step in positioning Burundi as an emerging destination for major African investors while reinforcing Dangote Group’s broader continental expansion strategy.
