Dangote Refinery has announced a N100 on the retail price of premium motor spirit (PMS), otherwise known as petrol nationwide.
The Lagos-based oil facility raised its gantry price to N799 per litre, while MRS retail outlets are expected to dispense the product to consumers at N839 per litre, instead of the old rate of N739 per litre.
In a statement on Monday night, Dangote Refinery noted that this price hike was to “support long term market stability and affordability.”
It explained that the price of the petrol was brought down “during the recent festive period” to cushion Nigerians at a time of heightened household spending.
According to the statement, the company “absorbed significant costs in the national interest, including logistics support in 2024 and a price reduction in 2025 to promote affordability and market calm.”
It stated that the refinery continues to supply the domestic market with approximately 50 million litres of PMS daily, with nationwide evacuation and distribution operating normally.
The statement noted that the private refinery’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, enabling continued PMS supply during planned maintenance activities, adding that this capability ensures that domestic supply remains stable and uninterrupted.
It says the company will continue to shield the Nigerian market from import related volatility and external supply disruptions, while remaining a stabilising force in the downstream petroleum sector, promising to remain focused on delivering energy security, price stability, and long-term value for Nigerians.
