Dangote Petroleum Refinery has increased the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦699 to ₦799 per litre, representing a 14.3 per cent rise.
Under the new pricing structure, MRS filling stations supplied by the refinery will sell petrol to consumers at ₦839 per litre, the company said in a statement.
The refinery explained that the price adjustment followed the conclusion of a temporary festive-period intervention introduced to cushion Nigerians during heightened household spending.
“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,” the statement said.
It noted that this was the second consecutive festive season in which the refinery absorbed additional costs in the national interest, including logistics support in 2024 and a price reduction in 2025 to promote affordability and market stability.
The company added that many filling stations failed to reflect the earlier price reduction at the pump, thereby denying consumers its intended benefits.
The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, said the plant continues to supply the domestic market with about 50 million litres of PMS daily, with nationwide distribution operating normally.
He added that the refinery’s flexible design allows it to process a broad range of crude and intermediate feedstocks, ensuring uninterrupted PMS supply even during 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,” Bird said.
The company reaffirmed its commitment to energy security, price stability and long-term value for Nigerians.
