DANGOTE Petroleum Refinery has commenced nationwide sales of Premium Motor Spirit (PMS), otherwise known as petrol, at a pump price of N739 per litre across all MRS Oil Nigeria Plc filling stations, marking a major step toward affordable fuel supply and stability in Nigeria’s downstream petroleum market.

With more than 2,000 MRS stations spread across the country, the refinery said the new pricing regime was expected to be fully implemented nationwide, ensuring broad consumer access to the reduced price.

In a statement, Dangote Petroleum Refinery commended MRS and other marketers that had complied with the new pump price, urging others to align with the initiative in support of Nigeria’s economic recovery.

“We commend MRS 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 said.

The development comes at a time when fuel scarcity and price spikes have historically characterised the festive season. However, Dangote Refinery described the price reduction as a decisive market intervention, backed by a guaranteed daily supply of 50 million litres, significantly altering supply dynamics during the holiday period.

READ ALSO: Dangote slashes petrol price by N129 as Christmas nears

By refining petroleum products locally at scale, the refinery said it is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilising the naira, and strengthening national energy security. The sustained price cut and steady supply, it noted, are expected to ease pressure on households, businesses, and transport operators nationwide.

The refinery also issued a stern warning against attempts by unscrupulous operators to create artificial scarcity in response to the price reduction, calling on regulatory authorities 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,” it said.

The refinery advised consumers to avoid purchasing fuel at inflated prices when cheaper, locally refined alternatives were available.

“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at N739 per litre from over 2,000 MRS stations nationwide. Any MRS station selling above N739 per litre should be reported by calling 0800 123 5264,” the refinery stated.

Dangote Refinery further urged other petrol station operators to patronise its products to ensure the price reduction benefitted Nigerians across a wider network of outlets, promoting a more stable downstream market.

Reaffirming its long-term commitment, the refinery said its operations were guided by 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,” it concluded.

Context

In late November, Dangote Petroleum Refinery had said it would begin delivering 50 million litres of PMS per day to the Nigerian market from December 1, as part of a broader plan to supply 1.5 billion litres throughout the festive season and into early 2026.

The announcement, made by Africa’s richest man and President of Dangote Industries Limited, Mr Aliko Dangote, was positioned as a major intervention to avert the fuel scarcity that often marks the holiday period.

“In line with our commitment to national wellbeing, and consistent with our track record of ensuring a fuel-scarcity-free holiday season, the Dangote Petroleum Refinery will supply 1.5 billion litres of PMS to the Nigerian market this month. This represents 50 million litres per day,” he said, noting that the refinery had formally notified the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of the plan,” Mr Dangote said during a facility tour by the South-South Development Commission (SSDC).

He said the company planned to sustain the momentum into the new year, with another 1.5 billion litres scheduled for January 2026 and an increase to 1.7 billion litres in February, equivalent to around 60 million litres per day.