The Dangote Petrochemical Refinery has announced a new gantry price of ₦799 per litre for Premium Motor Spirit (PMS) and a pump price of ₦839 per litre at MRS stations across Nigeria.
The update was disclosed in a statement by the refinery on Monday. The adjustment follows the previous gantry price of ₦699 per litre and a pump price of ₦739 per litre, set ahead of the last yuletide celebrations.
Ahead of the 2025 Christmas season, Dangote Group President Aliko Dangote had announced a nationwide petrol price cut to ₦739 per litre at retail stations, with the gantry price reduced from ₦828 to ₦699 per litre at MRS stations in Lagos. At a press briefing at the Lekki refinery, Dangote had assured that the new pump price would be strictly enforced and emphasized his commitment to preventing price manipulation.
“Starting from Tuesday, MRS will sell petrol at ₦739 per litre. We will enforce that low price. Those trying to sabotage this effort will be countered. ₦970 is not the price. If you have money, you can buy petrol at ₦699,” Dangote had said at the time.
In Monday’s statement, the refinery explained that with the festive period concluded, PMS prices have been realigned to sustainable levels to support long-term market stability and affordability. “Under the current adjustment, the PMS gantry price is ₦799 per litre, while MRS retail outlets sell at ₦839 per litre,” the statement said, signaling an increase from the previous pump price.
The refinery reiterated its commitment to market stability and uninterrupted nationwide supply. CEO David Bird stated that Dangote Petroleum continues to supply approximately 50 million litres of PMS daily, with nationwide evacuation and distribution operating normally. He noted that the refinery’s flexible design allows it to process a wide range of crude and intermediate feedstocks, ensuring continued PMS supply during planned maintenance activities.
The refinery also accused some oil marketers of preventing Nigerians from fully benefiting from previous price cuts. During the festive period, the company implemented a temporary price intervention to ease household spending, marking the second consecutive festive season of similar support. However, the refinery noted that many filling stations failed to reflect the reduced prices at the pump, denying consumers the intended benefits.
Last December, the gantry price had been reduced from ₦828 to ₦699 per litre, a move that sparked tensions with some oil marketers who accused Dangote of attempting to dominate the downstream market. The refinery, however, defended its role as a domestic producer, shielding the Nigerian market from import-related volatility and external supply disruptions while acting as a stabilizing force in the petroleum sector.
Dangote Petroleum Refinery reaffirmed that it remains focused on energy security, price stability, and delivering long-term value for Nigerians.
