Dangote Refinery
In a significant milestone, the Dangote Petroleum Refinery has commenced nationwide sales of Premium Motor Spirit (petrol) at a pump price of N739 per litre across all MRS Oil Nigeria Plc filling stations.
This step marks a refinery’s mission to deliver affordable fuel to Nigerians and stabilize the downstream petroleum market.
The firm in a statement on Sunday, said that with over 2,000 MRS stations nationwide, the new pricing is expected to be implemented across all outlets, ensuring that the benefits of the reduction reach consumers throughout the country.
The refinery commended marketers who have embraced the new pricing regime and urged others to follow suit in support of national 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.
Historically, the festive season in Nigeria has been associated with fuel scarcity and sharp price hikes. However, Dangote refinery has intervened by—reducing pump prices at a time when Nigerians typically brace for hardship.
By refining locally at scale, the refinery is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilising the naira, and strengthening energy security.
The sustained price cut and steady supply are providing relief to 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 government agencies 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,” the statement added.
“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at ₦739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above ₦739 per litre by calling 0800 123 5264,” the refinery said.
The company also called on other petrol station operators to patronize its products so that the benefits of the price reduction can reach all Nigerians, ensuring broad-based relief and a more stable downstream market.
Dangote Petroleum Refinery reaffirmed its commitment to steady supply, price moderation, and energy security, emphasizing that its operations are anchored on long-term national interest rather than short-term market pressures.
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