Dangote Petroleum Refinery has reduced its Premium Motor Spirit (PMS) gantry price by N25 per litre, lowering the ex-depot/gantry rate from N799 to N774 per litre. The adjustment, communicated to marketers on Monday night, takes effect immediately nationwide.

“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 move is expected to strengthen the competitiveness of locally refined products, especially as the current landing price of imported PMS from Lome stands at approximately N793 per litre, compared to Dangote Refinery’s N774 per litre.

In a related development, billionaire businessman Aliko Dangote is exploring new investment opportunities in Burundi, holding talks with President Evariste Ndavishimye at the Presidential Palace. The visit forms part of the Dangote Group’s continental expansion strategy aimed at deepening the company’s presence across Africa.

Accompanied by former President Olusegun Obasanjo, Dangote described the engagement as both diplomatic and economic. He revealed that two technical teams—one representing Burundi and the other from the Dangote Group—have been set up to identify priority sectors and design 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. He highlighted opportunities in solid minerals, power generation, agriculture, cement production, and infrastructure development, stressing the goal of creating mutually beneficial partnerships that drive shared prosperity.

Official sources indicated that discussions centered on strategic cooperation in infrastructure, logistics, industrialisation, and energy—areas that Burundi considers critical for long-term economic transformation. Observers describe the visit as a landmark engagement, positioning Burundi as a credible destination for African mega investors while advancing Dangote’s vision of continental growth.