The Dangote Petroleum Refinery has commenced nationwide retail sales of Premium Motor Spirit (PMS) at ₦739 per litre across MRS Oil Nigeria Plc filling stations, a move expected to ease fuel costs for Nigerians during the festive season.
In a statement issued on Sunday, the refinery confirmed that the new pump price is being rolled out across more than 2,000 MRS stations nationwide, ensuring broad access to the reduced price.
The company described the development as part of its broader commitment to stabilising the downstream petroleum market and cushioning Nigerians from seasonal fuel price shocks.
According to the refinery, marketers who have already adjusted their pump prices in line with the new rate are contributing to national economic recovery.
“We commend MRS and other marketers who have shown patriotism by reflecting the reduced price at their outlets. We urge others to do the same in support of Nigeria’s economic recovery,” the statement said.
Fuel scarcity and price spikes have historically characterised Nigeria’s festive periods. However, Dangote Refinery said its guaranteed daily supply of 50 million litres of PMS would significantly alter supply conditions and prevent disruptions.
The refinery added that large-scale local refining would reduce Nigeria’s dependence on imported fuel, conserve foreign exchange, stabilise the naira, and strengthen national energy security.
It noted that the sustained price reduction and steady supply would bring relief to households, transport operators, and businesses across the country.
Dangote Refinery also warned against attempts by some operators to create artificial scarcity in response to the price cut, calling on regulatory agencies to take decisive action.
“Any attempt to deliberately restrict supply or frustrate the benefits of recent price reductions is unacceptable. Regulatory authorities must remain vigilant, especially during this critical festive period,” the company stated.
Consumers were advised to avoid buying fuel at inflated prices where cheaper alternatives are available.
“Nigerians should patronise MRS stations selling PMS at ₦739 per litre and report any outlet selling above this price,” the refinery said, providing a customer hotline for complaints.
The company further encouraged other petroleum marketers to lift products from the refinery to ensure wider distribution of affordable fuel nationwide.
Reaffirming its long-term vision, Dangote Petroleum Refinery said its operations are guided by national interest rather than short-term market pressures.
“Our goal remains consistent supply of high-quality petroleum products at affordable prices, while supporting economic stability and reducing dependence on fuel imports,” the statement concluded.
