Refinery Warns Against Artificial Scarcity, Pledges Steady Supply of 50 Million Litres Daily Nationwide
Dangote Petroleum Refinery has directed Nigerians to report any MRS Oil Nigeria Plc filling station selling Premium Motor Spirit (PMS), also known as petrol, above the approved pump price of ₦739 per litre.
The refinery disclosed that it has begun nationwide distribution of petrol at the ₦739 rate across all MRS stations, marking a significant step in its drive to make fuel more affordable and stabilise Nigeria’s downstream petroleum sector.
In a statement issued on Sunday, the company described the price reduction as a major milestone in its efforts to ease the burden of fuel costs on consumers while strengthening local refining capacity.
With more than 2,000 MRS outlets spread across the country, the refinery said the new price is expected to be uniformly applied nationwide to ensure that consumers benefit directly from the reduction.
Dangote Refinery praised fuel marketers that have already adjusted their pump prices to reflect the new rate, while urging others to comply in the broader interest of economic recovery.
“We commend MRS and other marketers who have shown patriotism by implementing the reduced price at the pump,” the statement said. “We urge others to do the same in support of Nigeria’s economic recovery.”
The refinery also revealed that the initiative is backed by a guaranteed daily supply of 50 million litres, a move it said has significantly improved fuel availability, especially during the festive period.
According to the company, large-scale local refining is helping to shield the country from fluctuations in the global oil market, conserve foreign exchange, stabilise the naira, and enhance national energy security.
The company warned against attempts by what it described as “unscrupulous operators” to create artificial scarcity in response to the lower price, calling on regulatory agencies to intervene promptly.
“Any effort to manipulate supply or create artificial scarcity to undermine recent price reductions is unacceptable and unpatriotic,” the refinery said, urging authorities to remain vigilant, particularly during the holiday season.
Consumers were also advised to avoid purchasing petrol at inflated prices when cheaper, locally refined alternatives are available.
“Nigerians should not buy PMS at excessively high prices when quality fuel is available at ₦739 per litre from over 2,000 MRS stations nationwide,” the statement said, adding that reports of overpricing can be made via 0800 123 5264.
The refinery further encouraged other petrol station operators to patronise its products to ensure the price reduction benefits motorists nationwide and promotes stability across the downstream market.
Reaffirming its long-term commitment, Dangote Refinery said its operations remain focused on ensuring steady supply, moderate pricing, and reduced dependence on fuel imports.
“Our goal is to guarantee consistent availability of high-quality petroleum products at affordable prices, while supporting economic stability and strengthening Nigeria’s energy security,” the statement concluded.
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