The Dangote Petroleum Refinery has commenced nationwide sale of premium motor spirit (PMS), also known as petrol, at ₦739 per litre across all MRS Oil Nigeria Plc filling stations.
The refinery said the move marked a major milestone in its effort to make petrol more affordable and stabilise Nigeria’s downstream petroleum sector.
Dangote refinery stated that with more than 2,000 MRS outlets nationwide, the new pump price is expected to be implemented across all stations, ensuring consumers benefit from the reduction across the country.
In a statement on Sunday, Dangote Refinery said: “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 noted that the festive season has historically been associated with fuel scarcity and sharp price increases, but said its intervention had altered the usual trend.
“Dangote Refinery has delivered a decisive market intervention—crashing pump prices at a time when Nigerians typically brace for hardship,” it said.
“Backed by a guaranteed daily supply of 50 million litres, this initiative fundamentally alters the supply dynamics during the holiday period.”
According to the refinery, large-scale local refining is helping Nigeria reduce its exposure to volatile global markets, conserve foreign exchange, stabilise the naira and strengthen energy security.
It added that sustained price moderation and steady supply were already providing relief to households, businesses and transport operators nationwide.
The company, however, warned against attempts by “unscrupulous” operators to create artificial scarcity in response to the price reduction.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable,” the statement read.
The refinery urged regulatory agencies to remain vigilant and take firm action against such practices, especially during the festive period.
Dangote refinery also called on consumers to avoid buying petrol at inflated prices when cheaper alternatives are available.
“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,” it said.
Consumers were advised to report any MRS station selling above the approved price by calling 0800 123 5264.
The refinery urged other petrol station operators to patronise its products so that the benefits of the price reduction could be extended nationwide.