Dangote Petroleum Refinery says it has commenced the nationwide sale of Premium Motor Spirit (PMS), popularly called petrol at a retail pump price of ₦739 per litre.
The sale, which is through all MRS Oil Nigeria Plc filling stations across the country, sees petrol retail pump price crashing from an average of N895 and N985 per litre in Abuja and other major cities across the country.
MRS Oil is one of Dangote Refinery partner filling stations to ensure the distribution of petroleum products refined from the plant to consumers nationwide.
Dangote Refinery said in a statement that the decision to crash the retail price of petrol to N729 per litre was a significant milestone in its mission to deliver affordable fuel to Nigerians and stabilize the downstream petroleum market.
With over 2,000 MRS filling stations nationwide, Dangote Refinery said the new pricing arrangement was expected to be implemented across all the partner outlets to ensure the benefits of the reduction reached consumers nationwide.
While commending petroleum products marketers who have keyed into the new pricing regime, the refinery urged others to join in the interest of national economic recovery.
“We commend MRS Oil and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the refinery stated.
The intervention by Dangote Refinery would change the usual narrative where, during festive periods, consumers always faced hikes in the price of petrol as a result of fuel scarcity, which makes traveling to celebrate Christmas such a harrowing experience.
With Dangote Refinery offering to crash petrol price to N739 per litre, Nigerians are looking forward to a different experience during the yuletide celebration, as the arrangement is backed by a guaranteed daily supply of 50 million litres.
By refining locally at scale, the refinery says it was reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilizing the Naira, and strengthening energy security.
This sustained price cut and steady supply, the refinery maintained, would provide relief to households, businesses, and transport operators nationwide during the yuletide season and beyond.
The refinery also issued a stern warning against attempts by unscrupulous operators to create artificial scarcity in response to the price reduction, calling on government agencies to act decisively.
“Any attempt to create artificial scarcity, or manipulate supply to frustrate recent price reductions, is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the statement said.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at ₦739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above ₦739 per litre by calling 0800 123 5264,” the refinery said.
“We also call on other petrol station operators to patronize our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market.”
Dangote Petroleum Refinery reaffirmed its commitment to steady supply, price moderation, and energy security, emphasizing that its operations are anchored on long-term national interest rather than short-term market pressures.
“Our objective remains clear: to ensure consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the refinery said.
