Dangote Petroleum Refinery & Petrochemicals has reiterated its dedication to ensuring market stability and uninterrupted supply of Premium Motor Spirit (PMS) across Nigeria.
During the recent festive season, the refinery implemented a temporary price support initiative to ease the burden on households amid increased spending. This marked the second consecutive festive period in which Dangote Petroleum Refinery absorbed substantial costs in the national interest, following logistics support in 2024 and a price reduction in 2025 to promote affordability and calm in the market.
Despite the price reduction, some filling stations did not reflect the lower cost at the pumps, preventing consumers from fully benefiting from the subsidy.
With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long-term market stability. The current gantry price stands at N799 per litre, while retail outlets operated by MRS are selling PMS at N839 per litre.
David Bird, Chief Executive Officer of Dangote Petroleum Refinery, stated that the refinery continues to supply around 50 million litres of PMS daily, with nationwide evacuation and distribution functioning smoothly. He highlighted the refinery’s flexible design, which allows it to process a broad range of crude and intermediate feedstocks, ensuring continued supply even during planned maintenance periods.
Bird emphasized that as a domestic producer, Dangote Petroleum Refinery shields Nigeria from import-related volatility and external supply disruptions, maintaining a stabilizing role in the downstream petroleum sector.
The refinery remains committed to delivering energy security, price stability, and long-term value for Nigerians.
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