After festive price cut, petrol jumps to ₦839 as Dangote Refinery raises PMS cost
MRS stations end holiday relief following Dangote Refinery’s gantry price increase to ₦799 per litre.
Petrol prices have risen again following the end of the festive period, with Dangote Refinery increasing its gantry price of Premium Motor Spirit to ₦799 per litre, a move that will see MRS filling stations sell petrol at ₦839 per litre nationwide.
The price adjustment marks a shift from the temporary relief Nigerians enjoyed during the holidays, when petrol was sold at ₦739 per litre at MRS stations after Dangote Refinery supplied PMS at a lower price as part of a deliberate intervention to ease household pressure during peak spending.
In a statement issued on Monday evening, the Dangote Refinery said the festive price support had now been withdrawn, with prices realigned to what it described as sustainable levels in order to maintain long-term market stability and uninterrupted supply.
“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 refinery stated.
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The refinery recalled that the holiday pricing was not a market accident but a calculated decision aimed at cushioning Nigerians during a period of heightened household spending. It said this was the second consecutive festive season in which it absorbed significant costs in the national interest.
According to the statement, Dangote Refinery provided logistics support in 2024 and implemented a price reduction in 2025 to promote affordability and calm in the downstream market. However, it noted that the intervention did not fully deliver the intended benefits to consumers.
“Despite the price reduction, many filling stations failed to reflect the new price at the pump, thereby denying Nigerians the benefits of the reduction,” the refinery said.
It added that with the festive period now over, maintaining the temporary pricing structure was no longer sustainable, hence the decision to return prices to levels that support continued supply and operational stability.
“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 added.
The Chief Executive Officer of Dangote Petroleum Refinery, Mr David Bird, said the refinery remains a major supplier to the domestic market, currently delivering about 50 million litres of PMS daily, with evacuation and nationwide distribution operating normally.
He said the refinery’s design allows it to process a wide range of crude oil and intermediate feedstocks, giving it the flexibility to continue supplying PMS even during planned maintenance activities. According to him, this capability helps ensure that domestic fuel 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,” Bird said.
