By Ayomide Otitoju
The management of Dangote Petroleum Refinery has announced a new Premium Motor Spirit (PMS) gantry price of ₦799 per litre, with a pump price of ₦839 per litre at MRS filling stations nationwide.
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 announced ahead of the last yuletide season.
Ahead of the 2025 Christmas celebrations, President of the Dangote Group, Aliko Dangote, had announced a nationwide reduction in petrol price to ₦739 per litre, with initial implementation at MRS stations in Lagos. At a press briefing at the Lekki refinery, Dangote said the gantry price had been reduced from ₦828 to ₦699 per litre and assured Nigerians that the new pump price would be strictly enforced, pledging to resist price manipulation in the downstream sector.
However, in the latest statement, Dangote explained that with the conclusion of the festive period, PMS prices had been “modestly realigned to sustainable levels to support long-term market stability and affordability.” Under the new pricing structure, the gantry price now stands at ₦799 per litre, while MRS retail outlets are selling at ₦839 per litre, representing an increase from the earlier ₦739 pump price.
Despite the upward adjustment, the Refinery reaffirmed its commitment to market stability and uninterrupted nationwide supply of petroleum products.
Speaking on the development, the Chief Executive Officer of Dangote Petroleum Refinery, Mr. David Bird, said the facility continues to supply the domestic market with about 50 million litres of PMS daily, noting that evacuation and nationwide distribution remain normal.
Bird added that the Refinery’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, ensuring continuous PMS supply even during planned maintenance activities. According to him, this capability guarantees stable and uninterrupted domestic supply.
Meanwhile, the Refinery accused some oil marketers of denying Nigerians the benefits of earlier price reductions. It noted that during the last festive period, it implemented a deliberate and temporary price support intervention to cushion the impact of increased household spending.
The management said this marked the second consecutive festive season in which the Refinery absorbed high costs in the national interest, including logistics support in 2024 and a price cut in 2025 aimed at promoting affordability and market stability.
Despite these interventions, the Refinery lamented that many filling stations failed to reflect the reduced prices at the pump, thereby depriving Nigerians of the intended benefits.
Recall that in December, the Refinery had slashed the gantry price from ₦828 to ₦699 per litre, one of several price cuts that drew criticism from some oil marketers, who accused Dangote of attempting to dominate the downstream market.
Defending its actions, the Refinery said it remains a domestic producer committed to shielding Nigeria from import-related volatility and external supply disruptions, while serving as a stabilising force in the downstream petroleum sector.
Dangote Petroleum Refinery reiterated its focus on delivering energy security, price stability and long-term value for Nigerians.
