The Dangote Petroleum Refinery has adjusted the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, raising it from N699 to N799 per litre.
Following this adjustment, the company announced that MRS filling stations will now retail petrol to consumers at N839 per litre.
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In a statement released Monday evening, the refinery explained the price change, noting that a temporary reduction implemented during the recent festive season has now ended. “With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long-term market stability and affordability,” the statement read.
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The company highlighted that it had deliberately absorbed higher costs during the holidays to ease the financial burden on Nigerians. This was the second consecutive festive season the refinery had intervened in the national interest, following a similar price reduction in 2025 and logistics support in 2024.
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However, the refinery pointed out that the benefits of the recent price cut did not always reach the public. “Despite the price reduction, many filling stations failed to reflect the new price at the pump, thereby denying Nigerians the benefits of the reduction,” the company stated.
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David Bird, the Chief Executive Officer of Dangote Petroleum Refinery, affirmed that the facility continues to supply the domestic market with approximately 50 million litres of petrol daily, with distribution operating normally across the country.
He added that the refinery’s design flexibility allows it to process various crude and intermediate feedstocks, ensuring a consistent supply of PMS even during planned maintenance activities.
“As a domestic producer, Dangote Petroleum 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,” the statement concluded, reaffirming the company’s commitment to energy security and price stability for Nigerians.
