DANGOTE REFINERY ADJUSTS PMS PRICE UPWARD, SETS GANTRY AT N799, PUMP AT N839
Aishat Momoh
The management of Dangote Petroleum Refinery has announced a new Premium Motor Spirit (PMS) gantry price of ₦799 per litre and a pump price of ₦839 per litre at MRS filling stations nationwide.
The price adjustment was disclosed in a statement issued by the refinery on Monday.
The new pricing represents an increase from the previous gantry price of ₦699 per litre and the ₦739 per litre pump price introduced ahead of the 2025 Christmas and New Year festivities.
During the yuletide period, President of Dangote Group, Aliko Dangote, had announced a nationwide petrol price cut to ₦739 per litre, with initial implementation at MRS stations in Lagos. At a press briefing at the Lekki refinery, Dangote said the gantry price had been reduced from ₦828 to ₦699 per litre and vowed to enforce the lower pump price.
“Starting from Tuesday, MRS will start selling petrol at ₦739 per litre. Definitely, we will enforce that low price,” Dangote said at the time, stressing his resolve to curb price manipulation and ensure affordability.
However, in the statement released on Monday, Dangote explained that with the festive period concluded, PMS prices had been “modestly realigned to sustainable levels to support long-term market stability and affordability.”
“Under the current alignment, the PMS gantry price is ₦799 per litre, while MRS retail outlets are selling at ₦839 per litre,” the statement said.
Despite the increase, the refinery reaffirmed its commitment to market stability and uninterrupted nationwide supply.
Chief Executive Officer of Dangote Petroleum Refinery, David Bird, said the facility continues to supply about 50 million litres of PMS daily to the domestic market, noting that evacuation and distribution operations nationwide are running normally.
Bird added that the refinery’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, ensuring steady PMS supply even during planned maintenance activities.
Meanwhile, the refinery accused some oil marketers of denying Nigerians the benefits of previous price cuts. It said the festive price reduction was a deliberate, temporary intervention aimed at easing the financial burden on households during the holiday season.
According to the refinery, the initiative marked the second consecutive festive season in which it absorbed high costs in the national interest, including logistics support in 2024 and price reductions in 2025 to promote affordability and market stability.
“Despite the price reduction, many filling stations failed to reflect the new price at the pump, thereby denying Nigerians the benefits,” the statement said.
The refinery also defended its role as a domestic producer, stating that it continues to shield Nigeria from import-related volatility and external supply disruptions while serving as a stabilising force in the downstream petroleum sector.
Dangote Petroleum Refinery reaffirmed its focus on delivering energy security, price stability, and long-term value for Nigerians.
0 Comments