Dangote Refinery begins nationwide PMS sales at ₦739 per litre via MRS stations
Story by Martha Gwary
Dangote Petroleum Refinery has commenced nationwide sales of Premium Motor Spirit (PMS) at a pump price of ₦739 per litre across all MRS Oil Nigeria Plc filling stations, marking a significant step towards improving fuel affordability and stabilising Nigeria’s downstream petroleum market.
With more than 2,000 MRS outlets spread across the country, the refinery said the new pricing would be uniformly implemented to ensure consumers nationwide benefit from the reduction. It commended marketers who have already adjusted their pump prices accordingly and urged others to do the same in the interest of 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 stated.
Traditionally, the festive season has been characterised by fuel scarcity and sharp price increases. However, Dangote Refinery described its intervention as a decisive move to ease market pressure, delivering lower prices at a time when Nigerians typically brace for higher costs.
The initiative is supported by a guaranteed daily supply of 50 million litres of PMS, a development the refinery said would significantly alter supply dynamics during the holiday period and beyond.
By refining petroleum products locally at scale, the refinery noted that Nigeria’s exposure to volatile international markets would be reduced, while foreign exchange would be conserved, the naira stabilised and national energy security strengthened. The sustained price reduction and steady supply are expected to provide relief to households, businesses and transport operators across the country.
The refinery also issued a strong warning against attempts by unscrupulous operators to engineer artificial scarcity in response to the price cut, calling on regulatory agencies to act decisively.
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“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.
Consumers were advised to resist buying fuel at inflated prices when cheaper, locally refined alternatives are available.
“We encourage Nigerians to avoid purchasing PMS at excessively high prices when they can access high-quality, locally refined fuel at ₦739 per litre from over 2,000 MRS stations nationwide. Any MRS station selling above ₦739 per litre should be reported by calling 0800 123 5264,” the refinery added.
Dangote Refinery also called on other filling station operators to patronise its products, stressing that wider uptake would ensure the benefits of the price reduction are passed on to consumers across more outlets, thereby promoting market stability.
Reaffirming its long-term commitment, the refinery said its operations are guided by national interest rather than short-term market considerations.
“Our objective remains clear: to ensure a consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the statement concluded.
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