The management of Dangote Petroleum Refinery has announced a fresh increase in the price of Premium Motor Spirit (PMS). The refinery raised the wholesale (depot) price to ₦799 per litre and the pump price to ₦839 per litre at MRS filling stations nationwide.
The refinery disclosed the new prices in a statement issued on Monday. The move ends the temporary fuel price relief introduced during the last festive season.
The adjustment follows the earlier prices of ₦699 per litre at the depot and ₦739 per litre at the pump, announced ahead of the 2025 Christmas celebration.
At the time, President of the Dangote Group, Aliko Dangote, said the price cut aimed to ease financial pressure on Nigerians during the festive period. The reduction began at MRS stations in Lagos and later spread nationwide.
Speaking at a briefing at the Lekki refinery, Dangote explained that the depot price dropped from ₦828 to ₦699 per litre, while the pump price was fixed at ₦739 per litre.
He also warned marketers against price manipulation.
“Starting from Tuesday, MRS will sell petrol at ₦739 per litre, and we will enforce that price,” Dangote said.
“Anyone with a truck can buy directly at ₦699. We will challenge anyone who tries to sell higher.”
However, the refinery said the festive period has ended, making a price review necessary.
In its statement, Dangote Refinery said it “modestly realigned” PMS prices to sustainable levels. The company said the move would support long-term market stability and affordability.
Under the new arrangement:
- Whole sale price: ₦799 per litre
- Pump price at MRS stations: ₦839 per litre
The refinery said the adjustment supports steady supply and market balance.
Reacting to the development, Chief Executive Officer of Dangote Petroleum Refinery, David Bird, assured Nigerians that fuel supply remains stable.
According to him, the refinery supplies about 50 million litres of PMS daily to the local market. He added that distribution continues nationwide without disruption.
Bird said the refinery’s flexible design allows it to process different crude types. This feature helps maintain supply even during planned maintenance.
“Our domestic supply remains stable and uninterrupted,” Bird said.
Meanwhile, the refinery accused some oil marketers of denying Nigerians the benefits of earlier price cuts.
Management said many filling stations failed to reflect the ₦739 pump price during the festive period, despite the refinery’s intervention.
According to the statement, the refinery absorbed high costs twice in the national interest. First, it provided logistics support in 2024. Then, it reduced prices in 2025 to ease pressure on consumers.
Yet, the refinery said many Nigerians did not feel the relief at the pump.
Last December, Dangote Refinery cut its depot price from ₦828 to ₦699 per litre. The move triggered tension with some oil marketers, who accused the company of trying to dominate the downstream sector.
The refinery rejected the claims. It described itself as a local producer working to protect Nigeria from import-related price shocks and supply disruptions.
According to the company, its operations have helped stabilise the downstream fuel market amid global volatility.
Despite the price increase, Dangote Refinery said it remains focused on energy security, price stability, and long-term value for Nigerians.
The company also reaffirmed its commitment to steady supply and a more predictable fuel market.
For now, Nigerians will pay more at the pump. Still, the refinery insists the adjustment will help keep fuel flowing and the market stable.
