Dangote Petroleum Refinery has raised the gantry value of Premium Motor Spirit (PMS), generally generally known as petrol, from N699 per litre to N799 per litre.
The event was introduced by the refinery in a press release issued on Monday night.
Following the adjustment, MRS Oil Nigeria Plc filling stations equipped by the refinery will now promote petrol to motorists at N839 per litre, marking an finish to the momentary value assist launched throughout the festive interval.
The refinery stated the adjustment displays a return to what it described as sustainable pricing ranges, whereas reiterating its dedication to market stability and uninterrupted nationwide provide of petrol.
What they’re saying
The refinery defined that the most recent value change follows the conclusion of the festive season, throughout which it intentionally absorbed increased prices to ease the burden on Nigerian households.
It stated the intervention was designed to advertise affordability and calm within the downstream petroleum market at a time of elevated client spending.
“With the festive interval concluded, PMS costs have been modestly realigned to sustainable ranges to assist long-term market stability and affordability. Beneath the present alignment, the PMS gantry value is N799 per litre, whereas MRS stores are promoting at N839 per litre.”
“Regardless of the worth discount, many filling stations did not replicate the brand new value on the pump, thereby denying Nigerians the advantages of the discount.”
“As a home producer, Dangote Petroleum Refinery continues to defend the Nigerian market from import-related volatility and exterior provide disruptions, whereas remaining a stabilising power within the downstream petroleum sector.”
The refinery stated it stays targeted on guaranteeing power safety, value stability, and long-term worth for Nigerian shoppers regardless of the current adjustment.
Backstory
Throughout the current festive season, Dangote Petroleum Refinery applied a brief value assist mechanism aimed toward cushioning Nigerians in opposition to rising gas prices.
- The initiative got here at a time when family spending sometimes will increase resulting from celebrations and journey, putting further stress on client budgets.
- Based on the refinery, this was the second consecutive festive season through which it absorbed vital prices in the nationwide curiosity.
- In 2024, the refinery stated it supplied logistics assist to stabilise provide, whereas in 2025 it launched a value discount to advertise affordability and cut back volatility within the PMS market.
The corporate, nonetheless, expressed concern that the advantages of the worth discount weren’t totally handed on to shoppers, as a number of filling stations reportedly failed to regulate their pump costs accordingly.
This, it stated, restricted the supposed affect of the intervention and bolstered the necessity to return to a extra sustainable pricing framework after the festive interval.
Extra Insights
Dangote Petroleum Refinery disclosed that it continues to provide the home market with roughly 50 million litres of PMS every day.
It famous that evacuation and nationwide distribution are working usually, supporting constant availability of petrol throughout the nation.
- The refinery’s Chief Government Officer, David Fowl, stated home provide stays secure regardless of ongoing operational calls for.
- He defined that the refinery’s design permits it to course of a variety of crude oil and intermediate feedstocks.
- This flexibility allows continued manufacturing and provide of PMS even throughout deliberate upkeep actions.
Based on Fowl, these operational capabilities be sure that native petrol provide stays uninterrupted, decreasing Nigeria’s publicity to exterior provide shocks and import-related value volatility.
What it’s best to know
Dangote Petroleum Refinery is Africa’s largest single-train refinery and performs a central function in Nigeria’s downstream petroleum sector.
As a home producer, it has positioned itself as a key provider of refined petroleum merchandise, together with PMS, diesel, and aviation gas, with the purpose of decreasing the nation’s dependence on imports.