Adjustment follows end of festive price support as refinery insists on market stability and uninterrupted nationwide supply
The management of Dangote Petroleum Refinery has announced a new gantry price of ₦799 per litre for Premium Motor Spirit (PMS), with a corresponding pump price of ₦839 per litre at MRS retail stations across the country.
The price adjustment was disclosed in a statement issued by the refinery on Monday, marking an increase from the previous gantry price of ₦699 per litre and the ₦739 pump price that was introduced ahead of the last yuletide season.
Ahead of the 2025 Christmas celebrations, President of the Dangote Group, Aliko Dangote, had announced a nationwide petrol price reduction to ₦739 per litre, with implementation beginning at MRS stations in Lagos. At the time, Dangote revealed that the gantry price had been cut from ₦828 to ₦699 per litre as part of a deliberate effort to ease fuel costs during the festive period.
Speaking at a press briefing at the Lekki refinery, Dangote said the refinery was committed to enforcing the reduced price and tackling any form of price manipulation in the downstream sector.
“Starting from Tuesday, MRS will start selling petrol at ₦739 per litre. Definitely, we will enforce that low price. We will make sure that it’s implemented. If you have your truck, you can come here and buy it. We are selling at ₦699. The ₦699 includes the percentage of the NMDPRA, so what actually comes out to us is about ₦389 or so,” he said.
Dangote also accused some marketers of deliberately inflating prices to undermine government efforts, insisting that ₦970 per litre did not reflect the refinery’s ex-depot price.
However, in its latest statement, the refinery said the end of the festive season necessitated a modest price realignment.
“With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long-term market stability and affordability,” the statement read.
Under the new pricing structure, the refinery confirmed that PMS is now sold at a gantry price of ₦799 per litre, while MRS retail outlets nationwide dispense the product at ₦839 per litre.
Despite the increase, the refinery reaffirmed its commitment to market stability and uninterrupted nationwide supply.
Commenting on the development, Chief Executive Officer of Dangote Petroleum Refinery, David Bird, said the facility continues to supply the domestic market with approximately 50 million litres of PMS daily.
He noted that evacuation and distribution activities were operating normally nationwide, adding that the refinery’s design flexibility allows it to process a wide range of crude oil and intermediate feedstocks.
According to Bird, this capability enables the refinery to maintain stable PMS supply even during planned maintenance activities, ensuring uninterrupted availability across the country.
Meanwhile, the refinery accused some oil marketers of denying Nigerians the benefits of previous price reductions. It recalled that during the last festive period, it introduced a temporary price support intervention to cushion consumers amid increased household spending.
The refinery said this marked the second consecutive festive season in which it absorbed higher costs in the national interest, citing logistics support in 2024 and a price reduction in 2025 aimed at promoting affordability and market stability.
However, it noted that despite the price cuts, many filling stations failed to reflect the reduced prices at the pump, effectively depriving Nigerians of the intended relief.
Last December, the refinery had reduced its gantry price from ₦828 to ₦699 per litre, one of several price cuts that pitched Dangote against some oil marketers who accused the company of attempting to dominate the downstream petroleum market.
Responding to such criticisms, the refinery defended its role as a domestic producer, saying it continues to shield Nigeria from import-related price volatility and external supply disruptions.
Dangote Petroleum Refinery said it remains focused on delivering energy security, price stability and long-term value for Nigerians.
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