Olayiwola Matthew
The Dangote Petroleum Refinery has increased the ex-gantry price of its premium motor spirit, also known as petrol, to N799 per litre.
The price of the product was increased by N100, from N699 per litre to N799 per litre, effective on December 12, 2025.
In a statement on Tuesday, the refinery said MRS retail outlets will now sell the product at N839 per litre — up from N739 per litre.
“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 an uninterrupted nationwide supply of petrol.
“During the recent festive period, the Refinery implemented a deliberate and temporary price support intervention to cushion Nigerians at a time of heightened household spending,” the plant said.
Despite the price reduction, the refinery accused “many filling stations” of failing to “reflect the new price at the pump,” thereby denying Nigerians the benefits of the slash.
“As a domestic producer, Dangote Petroleum Refinery continues to shield the Nigerian market from import-related volatility and external supply disruptions, while remaining a stabilising force in the downstream petroleum sector,” the plant said.
Dangote refinery reaffirmed its commitment to providing energy security, price stability, and long-term value for Nigerians.
Speaking on the development, David Bird, Chief Executive Officer (CEO), said the refinery is currently supplying about 50 million litres of petrol to the domestic market daily, with nationwide distribution running smoothly.
He explained that the refinery’s flexible design allows it to process different types of crude and intermediate feed stocks, making it possible to maintain petrol supply even during scheduled maintenance.
Bird added that this ensures that domestic fuel availability remains stable and uninterrupted.
“This marked the second consecutive festive season in which the Refinery absorbed significant costs in the national interest, including logistics support in 2024 and a price reduction in 2025 to promote affordability and market calm.”