… withdraws festive price support for Nigerians
Oredola Adeola
Dangote Petroleum Refinery & Petrochemicals has increased its gantry price to N799 per litre from N699, while MRS retail outlets are now selling petrol at N839 per litre, up from the N739 per litre pump price that had been in place for nearly two months across in all of the offtaker’s filling stations.
According to the company, the increase is due to the withdrawal of the refinery’s temporary price support intervention following the 2025 festive period.
The development was confirmed in a statement released by Dangote Refinery and obtained by Advisors Reports on Monday.
Dangote Refinery explained that during the recent festive period, it implemented a deliberate and temporary price support intervention to cushion Nigerians amid heightened household spending.
It noted that this intervention in December marked the second consecutive festive season in which it absorbed significant costs in the national interest, including logistics support in 2024 and a price reduction in 2025 to promote affordability and maintain market calm.
However, the Refinery emphasised that despite the price reduction, many filling stations failed to reflect the new pump price, denying Nigerians the full benefits of the intervention.
It said, “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 N799 per litre, while MRS retail outlets are selling at N839 per litre.”
David Bird, Chief Executive Officer of Dangote Petroleum Refinery, stated that the refinery continues to supply the domestic market with approximately 50 million litres of petrol daily, with nationwide evacuation and distribution operating normally.
Bird noted that the refinery’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, ensuring uninterrupted PMS supply even during planned maintenance activities.
The Dangote added that that capability guarantees a stable domestic supply, and it refinery remains committed to shielding the Nigerian market from import-related volatility and external supply disruptions, while continuing to act as a stabilising force in the downstream petroleum sector.
