Dangote Petroleum Refinery has announced a new price for Premium Motor Spirit (PMS), also known as petrol, with a gantry price of 799 and a pump price of 839 per litre at MRS stations nationwide. This adjustment follows the previous price reduction announced ahead of the last yuletide celebration, where the gantry price was 699 per litre and the pump price was 739 per litre.
The refinery’s management stated that the price adjustment is aimed at supporting long-term market stability and affordability, now that the festive period has concluded. The new prices signal an increase from the earlier announced pump price of 739 per litre. Despite the increase, the refinery reaffirmed its commitment to market stability and uninterrupted nationwide product supply.
The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, noted that the refinery continues to supply the domestic market with approximately 50 million litres of PMS daily, with nationwide evacuation and distribution operating normally. The refinery’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, enabling continued PMS supply during planned maintenance activities.
The refinery’s management also alleged that some oil marketers failed to reflect the new price at the pump during the last festive period, denying Nigerians the benefits of the price reduction. The refinery had implemented a deliberate, temporary price support intervention to cushion Nigerians amid heightened household spending. This marked the second consecutive festive season in which the refinery absorbed high costs in the national interest.
Dangote Petroleum Refinery remains focused on delivering energy security, price stability, and long-term value for Nigerians. The refinery continues to shield the Nigerian market from import-related volatility and external supply disruptions, while remaining a stabilising force in the downstream petroleum sector. With the new price adjustment, the refinery aims to maintain its commitment to market stability and affordability, while ensuring uninterrupted product supply nationwide.
