The Dangote Petroleum Refinery has increased the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦699 per litre to ₦799 per litre, marking a significant post-festive price adjustment.
Following the increase, the refinery announced that MRS filling stations—one of its major retail partners—will now sell petrol at ₦839 per litre nationwide.
In a statement issued on Monday evening, the refinery explained that the price adjustment follows the conclusion of the festive season, during which it implemented a temporary price support intervention to ease the financial burden on Nigerians.
“With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long-term market stability and affordability,” the statement said.
“Under the current alignment, the PMS gantry price is ₦799 per litre, while MRS retail outlets are selling at ₦839 per litre.”
The refinery reaffirmed its commitment to market stability and uninterrupted nationwide supply of petrol, noting that it had deliberately absorbed high costs during the festive period in the national interest.
According to the statement, this was the second consecutive festive season in which the refinery intervened to stabilise prices—providing logistics support in 2024 and implementing a price reduction in 2025 to promote affordability and calm in the market.
However, the refinery expressed concern that many filling stations failed to reflect the reduced prices at the pump during the intervention period.
“Despite the price reduction, many filling stations failed to reflect the new price at the pump, thereby denying Nigerians the benefits of the reduction,” it said.
The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, said the refinery continues to supply the domestic market with approximately 50 million litres of PMS daily, adding that nationwide evacuation and distribution are operating normally.
Bird explained that the refinery’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, ensuring uninterrupted PMS supply even during planned maintenance activities.
“This capability ensures that domestic supply remains stable and uninterrupted,” he said.
He added that as a domestic producer, the Dangote Refinery is helping to shield Nigeria from import-related price volatility and external supply disruptions, while serving as a stabilising force in the downstream petroleum sector.
“Dangote Petroleum Refinery remains focused on delivering energy security, price stability, and long-term value for Nigerians,” the statement concluded.
