Dangote Petroleum Refinery has called on Nigerians to report any MRS filling station selling Premium Motor Spirit (PMS), also known as petrol, above the approved pump price of ₦739 per litre, as it confirmed the commencement of nationwide sales at the reduced rate.
In a statement issued on Sunday, the refinery announced that petrol is now being sold at ₦739 per litre across all MRS Oil Nigeria Plc filling stations, describing the price reduction as a major milestone in its commitment to making fuel more affordable and stabilising Nigeria’s downstream petroleum market.
With over 2,000 MRS stations nationwide, the refinery said the new price is expected to be implemented uniformly across all outlets, ensuring that consumers across the country benefit from the reduction.
The company commended MRS and other marketers who have complied with the new pricing regime and urged others to follow suit in the broader interest of national economic recovery.
“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the statement said.
Dangote Refinery disclosed that the initiative is supported by a guaranteed daily supply of 50 million litres of petrol, which it said would significantly improve fuel availability, particularly during the festive period.
According to the refinery, large-scale local refining is helping to reduce Nigeria’s exposure to volatile global oil markets, conserve foreign exchange, stabilise the naira and strengthen the country’s energy security.
“This sustained price cut and steady supply are providing relief to households, businesses and transport operators nationwide,” the statement noted.
The refinery, however, warned against attempts by “unscrupulous” operators to create artificial scarcity in response to the price reduction, urging regulatory authorities to act decisively against such practices.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action, especially during this critical festive period,” it added.
Consumers were also advised to resist buying petrol at inflated prices when cheaper, locally refined alternatives are available.
“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at ₦739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above ₦739 per litre by calling 0800 123 5264,” the refinery said.
Dangote Refinery reaffirmed its commitment to steady supply, price moderation and long-term energy security, stressing that its operations are driven by national interest rather than short-term market pressures.
“Our objective remains clear: to ensure consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the statement concluded.
