The management of the Dangote Petroleum Refinery has announced a new gantry price of ₦799 per litre for Premium Motor Spirit (PMS), with a pump price of ₦839 per litre at MRS filling stations nationwide.
The price adjustment was disclosed in a statement issued by the refinery on Monday.
The new pricing represents an increase from the previous gantry price of ₦699 per litre and the ₦739 pump price introduced ahead of the last Christmas season.
Before the 2025 yuletide, President of the Dangote Group, Aliko Dangote, had announced a nationwide petrol price cut to ₦739 per litre, initially implemented at MRS stations in Lagos. At the time, Dangote said the gantry price had been reduced from ₦828 to ₦699 per litre as part of a temporary intervention to ease the financial burden on Nigerians during the festive period.
However, the refinery said the festive season support has now ended, necessitating a modest price realignment to ensure sustainability.
“With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long-term market stability and affordability,” the statement said.
“Under the current alignment, the PMS gantry price is ₦799 per litre, while MRS retail outlets are selling at ₦839 per litre.”
Despite the increase, the refinery reaffirmed its commitment to stable pricing and uninterrupted nationwide supply of petroleum products.
Speaking on the development, the Chief Executive Officer of Dangote Petroleum Refinery, David Bird, said the facility continues to supply the domestic market with about 50 million litres of PMS daily, adding that nationwide evacuation and distribution are operating normally.
Bird explained that the refinery’s design flexibility allows it to process a wide range of crude oil and intermediate feedstocks, ensuring steady supply even during planned maintenance activities.
The refinery also accused some oil marketers of denying Nigerians the benefits of previous price reductions. It said the festive price cut was a deliberate and temporary support measure aimed at cushioning consumers during a period of heightened household spending.
According to the refinery, this marked the second consecutive festive season in which it absorbed significant costs in the national interest, following logistics support in 2024 and a price reduction in 2025.
“Despite the reduction, many filling stations failed to reflect the new price at the pump, thereby denying Nigerians the benefits,” the statement said.
Last December, the refinery had reduced its gantry price from ₦828 to ₦699 per litre, one of several price cuts that sparked criticism from some oil marketers who accused the company of attempting to dominate the downstream petroleum market.
Defending its position, the Dangote Petroleum Refinery described itself as a domestic producer committed to shielding Nigeria from import-related price volatility and external supply disruptions.
The refinery said it remains focused on delivering energy security, price stability, and long-term value for Nigerians.
