Dangote refinery raises petrol price to N799/litre

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The Dangote Petroleum Refinery has raised the gantry price of Premium Motor Spirit (PMS) from N699 to N799 per litre, marking a post-festive price realignment aimed at sustaining long-term market stability in Nigeria’s downstream petroleum sector.

Following the adjustment, MRS filling stations will retail petrol at N839 per litre, the refinery disclosed in a statement issued on Monday evening.

According to the refinery, the price increase follows the conclusion of its temporary festive-period price support, which was designed to cushion consumers amid heightened household spending.

“With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long-term market stability and affordability,” the refinery said. “Under the current alignment, the PMS gantry price is N799 per litre, while MRS retail outlets are selling at N839 per litre.”

The refinery reaffirmed its commitment to market stability and uninterrupted nationwide supply, noting that the festive intervention was a deliberate commercial decision taken in the national interest.

It explained that this was the second consecutive festive season in which Dangote absorbed significant costs to stabilise the market, citing logistics support in 2024 and a price reduction in 2025 aimed at promoting affordability and calming price volatility.

However, the refinery noted that several filling stations failed to reflect the reduced prices at the pump, depriving consumers of the full benefits of the intervention.

Despite the price adjustment, Dangote Petroleum Refinery said it continues to supply the domestic market with approximately 50 million litres of PMS daily, with evacuation and nationwide distribution operating without disruption.

Chief Executive Officer of the refinery, David Bird, said the facility’s operational design provides flexibility to process a wide range of crude and intermediate feedstocks, enabling sustained PMS production even during planned maintenance activities.

“This capability ensures domestic supply remains stable and uninterrupted,” Bird said.

He added that as a domestic producer, the refinery continues to shield Nigeria from import-related price volatility and external supply disruptions, positioning itself as a stabilising force in the downstream petroleum market.

“Dangote Petroleum Refinery remains focused on delivering energy security, price stability, and long-term value for Nigerians,” the statement concluded.