Dangote increases petrol price to N839\/Litre<\/p>\n
The Dangote Petroleum Refinery and Petrochemicals has increased its Premium Motor Spirit (PMS), otherwise known as petrol, to \u20a6839 per litre.<\/p>\n
The refinery, in a statement released late on Monday night, said that under the current alignment, the PMS gantry price is \u20a6799 per litre, while MRS retail outlets are selling at \u20a6839 per litre.
\nThis was as it reaffirmed its commitment to market stability and uninterrupted nationwide supply of PMS.<\/p>\n
It noted that during the recent festive period, the refinery implemented a deliberate and temporary price-support intervention to cushion Nigerians at a time of heightened household spending.<\/p>\n
This, it said, marked the second consecutive festive season in which the refinery absorbed significant costs in the national interest, including logistics support in 2024 and a price reduction in 2025 to promote affordability and market calm.<\/p>\n
However, despite the price reduction, the refinery lamented that many filling stations failed to reflect the new price at the pump, thereby denying Nigerians the benefits of the reduction.<\/p>\n
The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, stated that the refinery continues to supply the domestic market with approximately 50 million litres of PMS daily, with nationwide evacuation and distribution operating normally.<\/p>\n
He noted that the refinery\u2019s design flexibility allows it to process a wide range of crude and intermediate feedstocks, enabling continued PMS supply during planned maintenance activities. According to him, this capability ensures that domestic supply remains stable and uninterrupted.<\/p>\n
\u201cAs 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.<\/p>\n
\u201cDangote Petroleum Refinery remains focused on delivering energy security, price stability, and long-term value for Nigerians.\u201d (Daily Sun)<\/p>\n","protected":false},"excerpt":{"rendered":"
Dangote increases petrol price to N839\/Litre The Dangote Petroleum Refinery and Petrochemicals has increased its Premium Motor Spirit (PMS), otherwise known as petrol, to \u20a6839 per litre. The refinery, in a statement released late on Monday night, said that under the current alignment, the PMS gantry price is \u20a6799 per litre, while MRS retail outlets […]<\/p>\n","protected":false},"author":4,"featured_media":148761,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[192,2698,2697],"class_list":{"0":"post-149827","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-others","8":"tag-dangote-refinery","9":"tag-david-bird","10":"tag-fuel-increase"},"yoast_head":"\n