The Dangote Petroleum Refinery has announced the commencement of nationwide sales of premium motor spirit (PMS), commonly known as petrol, at a pump price of ₦739 per litre across all MRS Oil Nigeria Plc filling stations in Nigeria.
Okay News reports that the refinery described the move as a major step toward easing fuel costs for consumers and restoring stability to Nigeria’s downstream petroleum sector, particularly during the high-demand festive season.
In a statement issued on Sunday, the refinery said the pricing would be implemented across more than 2,000 MRS outlets nationwide, ensuring broad access to the reduced price for motorists and businesses.
“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump,” the refinery said.
“We call on others to join this effort as a show of support for Nigeria’s economic recovery.”
The company noted that fuel scarcity and sharp price increases have historically characterised festive periods in Nigeria, but said its intervention this year was aimed at changing that pattern.
“Historically, the festive season has been associated with fuel scarcity and sharp price hikes,” the statement said.
“However, Dangote Refinery has delivered a decisive market intervention—crashing pump prices at a time when Nigerians typically brace for hardship.”
According to the refinery, the initiative is supported by a guaranteed daily supply of 50 million litres, a volume it said significantly alters supply dynamics and limits the risk of shortages during the holiday period.
By refining petroleum products locally at scale, the company said it is helping to reduce Nigeria’s dependence on volatile global fuel markets, conserve foreign exchange, stabilise the naira, and strengthen national energy security.
The refinery added that the sustained price cut and steady supply are already offering relief to households, transport operators, and businesses grappling with high operating costs.
However, the company raised concerns about potential attempts to undermine the price reduction through artificial scarcity.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable,” the statement said.
“We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period.”
Dangote Refinery also advised consumers to resist buying fuel at inflated prices, stressing that locally refined petrol is available at the approved rate.
“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at N739 per litre from over 2,000 MRS stations nationwide,” the company said.
“Report any MRS station selling above N739 per litre by calling 0800 123 5264.”
The refinery further called on other petrol station operators to source its products so the price reduction can be extended beyond MRS outlets.
“We also call on other petrol station operators to patronise our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market.”
The company reaffirmed that its operations are driven by long-term national interest, pledging continued commitment to steady supply, price moderation, and Nigeria’s energy security.
