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Dangote Petroleum Refinery has announced a new Premium Motor Spirit (PMS) gantry price of ₦799 per litre and a pump price of ₦839 per litre at MRS retail outlets nationwide.
The price adjustment was disclosed in a statement by the refinery management on Monday, January 26.
The new rates represent an increase from the previous gantry price of ₦699 per litre and pump price of ₦739 per litre, which were announced ahead of the last Christmas celebration.
Before the 2025 festive period, the president of the Dangote Group, Aliko Dangote, had announced a reduction in petrol prices to ₦739 per litre nationwide, with implementation beginning at MRS stations in Lagos.
At a press briefing at the Lekki refinery, Dangote said the gantry price had been cut from ₦828 to ₦699 per litre and assured that the lower pump price would be enforced.
However, the refinery stated in a Monday statement that PMS prices had been “modestly realigned to sustainable levels to support long-term market stability and affordability” after the holiday season ended.
“Under the current alignment, the PMS gantry price is ₦799 per litre, while MRS retail outlets are selling at ₦839 per litre,” the refinery said.
The refinery also reiterated its commitment to stable markets and continuous nationwide product supply.
Commenting on the development, the Chief Executive Officer of Dangote Petroleum Refinery, David Bird, said the refinery “continues to supply the domestic market with approximately 50 million litres of PMS daily.”
Bird hinted that nationwide evacuation and distribution are operating normally.
He said the refinery’s design flexibility enables it to process a wide range of crude and intermediate feedstocks, ensuring a steady PMS supply even during planned maintenance.
He claims that this capability guarantees the stability and continuity of the domestic supply.
“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 stated.
“Dangote Petroleum Refinery remains focused on delivering energy security, price stability, and long-term value for Nigerians.”
Meanwhile, the refinery alleged that some oil marketers failed to pass on the benefits of earlier price reductions to consumers.
It said it implemented a temporary price support intervention during the last festive season to cushion Nigerians amid increased household spending.
According to the refinery, this marked the second consecutive festive period in which it absorbed higher costs in the national interest, including logistics support in 2024 and a price reduction in 2025.
It noted, however, that many filling stations did not reflect the reduced pump prices.
