Dangote Petroleum Refinery has increased the gantry price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦699 to ₦799 per litre, marking a 14.3 per cent hike.
Following the new pricing structure, petrol sold at MRS filling stations supplied by the refinery will now retail at ₦839 per litre, the company disclosed in a statement on Tuesday.
The refinery explained that the adjustment came after the conclusion of a temporary festive-period pricing intervention introduced to ease financial pressure on Nigerians during a season of high household spending.
According to the statement, “With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long-term market stability and affordability. Under the current alignment, the PMS gantry price is ₦799 per litre, while MRS retail outlets are selling at ₦839 per litre.”
Dangote Refinery noted that this was the second consecutive festive season it had absorbed additional costs in the national interest. These included logistics support in 2024 and a deliberate price reduction in 2025 aimed at improving affordability and stabilising the market.
However, the company expressed concern that many filling stations failed to reflect the earlier price reduction at the pump, thereby preventing consumers from enjoying the intended relief.
Speaking on the development, the Chief Executive Officer of Dangote Petroleum Refinery, David Bird, said the facility continues to supply the Nigerian market with about 50 million litres of PMS daily, adding that nationwide distribution remains uninterrupted.
Bird further explained that the refinery’s flexible design enables it to process a wide range of crude oil and intermediate feedstocks, ensuring steady petrol supply even during periods of planned maintenance.
“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,” he said.
The company reaffirmed its commitment to strengthening Nigeria’s energy security, promoting price stability, and delivering long-term value to consumers despite prevailing market challenges.