The Dangote Petroleum Refinery has announced an increase in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N699 per litre to N799 per litre.

 

Following the adjustment, petrol will now sell at N839 per litre at MRS filling stations, the refinery confirmed.

 

In a statement issued on Monday evening, the company explained that the price review followed the conclusion of the festive season and was necessary to ensure long-term market stability and affordability.

 

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

 

The refinery noted that it had earlier implemented a temporary price support intervention during the festive period to cushion the impact of increased household spending on Nigerians. It added that 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 calm.

 

However, the company expressed concern that some filling stations failed to reflect the earlier price reductions at the pump, thereby denying Nigerians the full benefit of the intervention.

 

On fuel supply, the Chief Executive Officer of Dangote Petroleum Refinery, David Bird, disclosed that the company currently supplies about 50 million litres of PMS daily to the domestic market. He added that evacuation and distribution nationwide were proceeding smoothly.

 

Bird further stated that the refinery’s flexible design allows it to process various crude oil and intermediate feedstocks, ensuring uninterrupted petrol production even during periods of planned maintenance.

 

Reaffirming its commitment to the Nigerian market, the refinery said it would continue to ensure steady nationwide supply while shielding consumers from import-related price volatility and external supply disruptions.