Dangote Refinery Increases Petrol Price by N100, MRS Stations to Sell N839

By Modupe Gbadeyanka

The price of premium motor spirit (PMS), otherwise known as petrol, has been increased by the Dangote Petroleum Refinery and Petrochemicals.

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 company, it “absorbed significant costs in the national interest, including logistics support in 2024 and a price reduction in 2025 to promote affordability and market calm.”

The chief executive of Dangote Petroleum Refinery, Mr David Bird, 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.

He 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.

As a domestic producer, Dangote Petroleum Refinery says it continues 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.