Prices of Premium Motor Spirit (PMS) at Dangote Petroleum Refinery & Petrochemicals have been modestly realigned to sustainable levels now that the festive period has ended ensuring long-term market stability and affordability nationwide, operators of the refinery have said.
In a press statement, the management of the refinery said the current gantry price stands at N799 per litre, with MRS retail outlets selling at N839 per litre, an increase of N100+ per litre, according to market watchers
According to the statement, this follows a deliberate temporary price support intervention during the holidays, the second consecutive festive season where the refinery absorbed significant costs in the national interest, including logistics aid in 2024 and a price cut in 2025, to ease household spending pressures.
Despite the earlier reduction, many filling stations did not pass on the savings to consumers at the pump, Dangote Refinery said, even as it reaffirms its commitment to uninterrupted nationwide supply of Premium Motor Spirit (PMS) and ongoing market stability.
The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, stated that the Refinery continues to supply the domestic market with approximately 50 million litres of PMS daily, with nationwide evacuation and distribution operating normally.
He noted that the Refinery’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, enabling continued PMS supply during planned maintenance activities. According to him, this capability ensures that domestic supply remains stable and uninterrupted.
The statement also explains that 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.
“Dangote Petroleum Refinery remains focused on delivering energy security, price stability, and long-term value for Nigerians” the statement concludes.
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