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Dangote Refinery increases petrol pump price

by Achojah Aruegodore
January 27, 2026
in Business Scene
0
PENGASSAN suspends gas, crude supply to Dangote refinery
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The Dangote Petroleum Refinery has hiked the price of petrol at its partner retail outlets to N839 per litre.

This follows the increase in the gantry price of petrol from N699 per litre to N799 per litre.

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The development was announced by the refinery in a statement issued on Monday evening.

Following the adjustment, MRS Oil Nigeria Plc filling stations supplied by the refinery will now sell petrol to motorists at N839 per litre.

This marks an end to the temporary price support introduced during the festive period.

During the recent festive season, Dangote Petroleum Refinery implemented a temporary price support mechanism aimed at cushioning Nigerians against rising fuel costs.

This was the second consecutive festive season in which it absorbed significant costs in the national interest.

In 2024, the refinery said it provided logistics support to stabilise supply, while in 2025 it introduced a price reduction to promote affordability and reduce volatility in the PMS market.

The refinery said the adjustment reflects a return to what it described as sustainable pricing levels, while reiterating its commitment to market stability and uninterrupted nationwide supply of petrol.

The refinery explained that the latest price change follows the conclusion of the festive season, during which it deliberately absorbed higher costs to ease the burden on Nigerian households.

It said the intervention was designed to promote affordability and calm in the downstream petroleum market at a time of elevated consumer spending.

“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.

“Despite the price reduction, many filling stations failed to reflect the new price at the pump, thereby denying Nigerians the benefits of the reduction.

“As a domestic producer, Dangote Petroleum Refinery continues to shield the Nigerian market from import-related volatility and external supply disruptions, while remaining a stabilising force in the downstream petroleum sector,” the statement read.

The refinery said it remains focused on ensuring energy security, price stability, and long-term value for Nigerian consumers despite the recent adjustment.

Dangote Petroleum Refinery disclosed that it continues to supply the domestic market with approximately 50 million litres of PMS daily.

It noted that evacuation and nationwide distribution are operating normally, supporting consistent availability of petrol across the country.

The refinery’s Chief Executive Officer, David Bird, said domestic supply remains stable despite ongoing operational demands.

He explained that the refinery’s design allows it to process a wide range of crude oil and intermediate feedstocks.

This flexibility enables continued production and supply of PMS even during planned maintenance activities.

According to Bird, these operational capabilities ensure that local petrol supply remains uninterrupted, reducing Nigeria’s exposure to external supply shocks and import-related price volatility.

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