Dangote Refinery increases fuel price by N100 per liter

By Editor

Dangote Refinery has announced a N100 per liter increase in the retail price of Premium Motor Spirit nationwide.

According to the detailed report, the gantry price is now at N799 per liter, while the retail price is N839 per liter, up from N699 and N739 per liter sold since December last year.

In a statement on Tuesday, the refinery said MRS retail outlets will now sell the product at N839 per litre — up from N739 per litre.

“With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long term market stability and affordability,” the refinery said.

“Under the current alignment, the PMS gantry price is N799 per litre, while MRS retail outlets are selling at N839 per litre.”

The refinery reaffirmed its commitment to market stability and an uninterrupted nationwide supply of petrol.

“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,” the plant said.

“This 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.”

The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, stated that the refinery continues to supply the domestic market with approximately 50 million liters of PMS daily, with nationwide evacuation and distribution operating normally.

As of Monday night, retail filling stations, including Nigerian National Petroleum Company Limited, dispense petrol between N805 and N830 per liter.

However, it is believed that Dangote’s fuel price hike may trigger a petrol price hike across the country’s downstream sector.

Recall that Aliko Dangote, the president of the refinery, had in December last year said that its N739 per liter retail fuel price would persist nationwide to edge out importers.

Photo: Dangote Refinery and trucks