The Dangote Petroleum Refinery has increased the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N699 per litre to N799 per litre.
Following the adjustment, MRS filling stations affiliated with the refinery will now sell petrol at N839 per litre nationwide.
In a statement issued on Monday evening, the refinery explained that the price increase followed the conclusion of the festive season and was aimed at ensuring long-term sustainability and stability in the downstream petroleum market.
“With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long-term market stability and affordability. Under the current alignment, the PMS gantry price is N799 per litre, while MRS retail outlets are selling at N839 per litre,” the statement said.
The refinery reaffirmed its commitment to maintaining market stability and ensuring uninterrupted nationwide supply of petrol.
It recalled that during the recent festive period, Dangote Refinery implemented a temporary price support initiative to ease the financial burden on Nigerians amid increased household spending. According to the statement, this marked the second consecutive festive season in which the refinery absorbed significant costs in the national interest, including logistics support in 2024 and a price reduction in 2025.
However, the refinery lamented that many filling stations failed to reflect the reduced prices at the pump, thereby denying consumers the intended benefits.
The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, disclosed that the facility currently supplies about 50 million litres of PMS daily to the domestic market, with evacuation and nationwide distribution proceeding without disruption.
Bird added that the refinery’s flexible design allows it to process a wide range of crude oil and intermediate feedstocks, ensuring continued PMS production even during planned maintenance activities.
According to him, this capability guarantees a stable and uninterrupted supply to the Nigerian market.
“As a domestic producer, Dangote Petroleum Refinery continues to shield the Nigerian market from import-related volatility and external supply disruptions, while serving as a stabilising force in the downstream petroleum sector,” he said.
The statement concluded that the refinery remains committed to delivering energy security, price stability, and long-term value for Nigerians.
