In a quiet but meaningful move, the Dangote Petrochemicals Refinery has introduced a ₦10 per litre rebate on Premium Motor Spirit (PMS), providing modest relief for petrol marketers and, by extension, consumers grappling with high fuel prices.
The initiative effectively reduces the ex-depot price of petrol from the previously set ₦835 per litre to ₦825 per litre. Though not officially announced as a price slash, the rebate is implemented after purchase, returning ₦10 per litre to marketers who successfully lift products from the refinery.
According to a report by The Punch, sources familiar with the arrangement confirmed the development on Monday, stating that payments are still made at the ₦835 rate, but refunds are processed after loading is completed.
“It’s not a formal reduction on paper,” a source explained. “Marketers still pay the full amount upfront, but the ₦10 rebate is refunded afterwards. It’s a form of indirect relief for those sourcing directly from the refinery.”
Though the Dangote Group has yet to make an official statement on the policy, the rebate is already impacting pump prices. Petrol marketers who procure directly from the refinery have started offering retail prices between ₦830 and ₦835 per litre—slightly lower than those relying on imported products or sourcing from private depots, where prices remain higher.
This development strengthens the refinery’s competitive edge in Nigeria’s downstream petroleum market and signals its growing influence over local pricing dynamics.
The latest rebate comes shortly after Dangote made two significant price cuts in April, slashing its gantry price from ₦880 to ₦835 per litre—an overall drop of ₦45 within just one week.
Attempts to obtain official confirmation or comments from Dangote Group’s spokesperson, Mr. Anthony Chiejina, were unsuccessful as of the time of filing this report.
