Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to market stability and uninterrupted nationwide supply of Premium Motor Spirit (PMS).
The assurances is coming just as the refinery has increased the gantry price of petroleum to N799 per litre.
With this increase the refinery said MRS retail outlets will start selling at N839 per litre.
It said the PMS prices was modestly realigned to sustainable levels to support long term market stability and affordability.
“Under the current alignment, the PMS gantry price is N799 per litre, while MRS retail outlets are selling at N839 per litre,” the refinery said in a statement.
“During the recent festive period, the Refinery implemented a deliberate and temporary price support intervention to cushion Nigerians at a time of heightened household spending.
“This marked the second consecutive festive season in which the Refinery absorbed significant costs in the national interest, including logistics support in 2024 and a price reduction in 2025 to promote affordability and market calm.
“Despite the price reduction, many filling stations failed to reflect the new price at the pump, thereby denying Nigerians the benefits of the reduction.
“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 N799 per litre, while MRS retail outlets are selling at N839 per litre,” according to a statement from the refinery.
Speaking on the price increment, the Chief Executive Officer of Dangote Petroleum Refinery, David Bird, promised that the Refinery will continues to supply the domestic market with approximately 50 million litres of PMS daily, with nationwide evacuation and distribution operating normally.
He noted that the Refinery’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, enabling continued PMS supply during planned maintenance activities.
According to him, this capability ensures that domestic supply remains stable and uninterrupted.
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.
Dangote Petroleum Refinery remains focused on delivering energy security, price stability, and long-term value for Nigerians. (vitalnewsngr.com)
