By Ayomide Otitoju
Dangote Petroleum Refinery has commenced nationwide sales of Premium Motor Spirit (PMS) at a pump price of ₦739 per litre across all MRS Oil Nigeria Plc filling stations, marking a major intervention aimed at easing fuel costs and stabilising Nigeria’s downstream petroleum market.
The refinery said the pricing, to be implemented across more than 2,000 MRS outlets nationwide, is designed to ensure that the benefits of reduced fuel costs reach consumers across the country. It described the move as a milestone in its commitment to delivering affordable, locally refined fuel to Nigerians.
In a statement, the refinery commended MRS and other marketers that have complied with the new pricing regime, urging other operators to adopt the reduced pump price in support 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 noted that the intervention comes at a time when the festive season has traditionally been associated with fuel scarcity and sharp price increases. It said the new pricing structure, supported by a guaranteed daily supply of 50 million litres, significantly changes supply dynamics during the holiday period.
By refining petroleum products locally at scale, the refinery said it is helping to reduce Nigeria’s exposure to global market volatility, conserve foreign exchange, stabilise the naira and strengthen the country’s energy security. The sustained price reduction and steady supply, it added, are already providing relief to households, businesses and transport operators nationwide.
The refinery also warned against attempts by unscrupulous operators to create artificial scarcity in response to the price cut, calling on regulatory agencies to take decisive action.
“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 against such practices, especially during this critical festive period,” the statement said.
Consumers were advised to avoid purchasing fuel at inflated prices when cheaper alternatives are available. Dangote Refinery encouraged Nigerians to patronise MRS stations selling PMS at ₦739 per litre and to report any outlet selling above the approved price by calling 0800 123 5264.
The refinery also appealed to other petrol station operators to patronise its products so the benefits of the price reduction can be extended nationwide, contributing to a more stable downstream market.
Dangote Petroleum Refinery reaffirmed its commitment to steady supply, price moderation and energy security, stressing that its operations are guided by long-term 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 refinery said.
