The Dangote Petroleum Refinery has increased the ex-gantry price of premium motor spirit (PMS), commonly known as petrol, to N799 per litre, following the end of its festive price support programme.
The adjustment represents a N100 increase from the previous ex-gantry price of N699 per litre, which took effect on December 12, 2025, during the Christmas and New Year festive period.
In a statement issued on Tuesday, the refinery explained that the price increase was part of a post-festive market realignment aimed at ensuring long-term sustainability, stability, and affordability within Nigeria’s downstream petroleum sector.
New Pump Price At Partner Stations
Under the new pricing structure, MRS retail outlets, a major distribution partner of the refinery, will now sell petrol at N839 per litre, up from the previous pump price of 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 stated.
It added:
“Under the current alignment, the PMS gantry price is N799 per litre, while MRS retail outlets are selling at N839 per litre.”
Festive Intervention To Cushion Nigerians
According to the refinery, the earlier price reduction was a deliberate and temporary intervention introduced to cushion Nigerians during a period of heightened household spending.
“During the recent festive period, the Refinery implemented a deliberate and temporary price support intervention to cushion Nigerians at a time of increased household expenditure,” the statement said.
The company noted that this marked the second consecutive festive season in which it absorbed significant costs in the national interest.
“This was the second consecutive festive season in which the Refinery absorbed significant costs, including logistics support in 2024 and a price reduction in 2025, to promote affordability and market calm,” it added.
Concerns Over Price Transmission To Consumers
Despite the intervention, the refinery expressed concern that many fuel marketers failed to reflect the reduced prices at the pump, denying consumers the full benefit of the price slash.
“Despite the price reduction, many filling stations failed to reflect the new price at the pump, thereby denying Nigerians the benefits of the slash,” the refinery said.
This concern has remained a recurring issue in Nigeria’s downstream sector, where price adjustments at the depot or refinery level do not always translate into corresponding pump price reductions for consumers.
Role In Market Stability And Energy Security
Reaffirming its role as a key player in Nigeria’s energy landscape, the Dangote Petroleum Refinery said it continues to protect the local market from external shocks linked to fuel imports.
“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 statement noted.
The refinery also reiterated its commitment to energy security, price stability, uninterrupted nationwide supply, and long-term value for Nigerians, particularly as the country navigates the post-subsidy fuel pricing regime.
