Dangote Refinery raised petrol ex-gantry price to N799 per litre, citing post-festive realignment for long-term market stability nationwide.
The Dangote Petroleum Refinery has increased the ex-gantry price of premium motor spirit (PMS), commonly known as petrol, to N799 per litre, marking a N100 increase from the previous price of N699 per litre which took effect on December 12, 2025.
In a statement issued on Tuesday, the refinery announced that MRS retail outlets will now sell petrol at N839 per litre, up from N739 per litre, following what it described as a post-festive price realignment.
“With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long-term market stability and affordability,” the refinery said.
It added, “Under the current alignment, the PMS gantry price is N799 per litre, while MRS retail outlets are selling at N839 per liter.”
The refinery explained that the adjustment followed a deliberate price support intervention during the festive season, aimed at easing the financial burden on Nigerians amid increased household spending.
“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,” the statement said.
According to the company, this intervention marked the second consecutive festive season in which the refinery absorbed significant costs in the national interest.
“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,” it noted.
However, the refinery expressed concern that the benefits of the earlier price reduction were not fully passed on to consumers, accusing several filling stations of failing to reflect the adjusted prices at the pump.
“Despite the price reduction, many filling stations failed to reflect the new price at the pump, thereby denying Nigerians the benefits of the slash,” the refinery said.
Reaffirming its role in Nigeria’s downstream petroleum sector, Dangote Petroleum Refinery said it continues to protect the local market from external shocks associated with fuel imports.
“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,” the statement added.
The refinery further reaffirmed its commitment to ensuring energy security, price stability, uninterrupted nationwide supply, and long-term value for Nigerians.