The Dangote Petroleum Refinery has increased the ex-gantry price of Premium Motor Spirit (PMS), commonly known as petrol, by N100 to N799 per litre.
The new price represents an increase from the previous N699 per litre, which took effect on December 12, 2025. The refinery disclosed the adjustment in a statement issued on Tuesday.
According to the statement, MRS retail outlets will now sell petrol at N839 per litre, up from the former pump price of N739 per litre.
The refinery explained that the price adjustment followed the conclusion of the festive period, during which it implemented a temporary price support intervention to ease the financial burden on Nigerians.
“With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long-term market stability and affordability,” the statement read.
“Under the current alignment, the PMS gantry price is N799 per litre, while MRS retail outlets are selling at N839 per litre.”
Dangote Refinery reaffirmed its commitment to ensuring market stability and uninterrupted nationwide supply of petrol.
It noted that during the recent festive season, the refinery deliberately absorbed significant costs to cushion consumers amid increased household spending.
“This marked the second consecutive festive season in which the Refinery absorbed substantial costs in the national interest, including logistics support in 2024 and a price reduction in 2025 to promote affordability and market calm,” the statement added.
However, the refinery accused several filling stations of failing to reflect the reduced prices during the intervention period, thereby denying Nigerians the intended benefits.
“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,” it said.
The refinery reiterated its commitment to energy security, price stability, and long-term value for Nigerians.
Speaking on the development, the Chief Executive Officer of the refinery, David Bird, disclosed that the facility is currently supplying about 50 million litres of petrol daily to the domestic market, with nationwide distribution operating smoothly.
Bird explained that the refinery’s flexible design enables it to process various types of crude oil and intermediate feedstocks, ensuring uninterrupted petrol supply even during scheduled maintenance.
He added that this capability guarantees stable and consistent domestic fuel availability across the country.