The Dangote Petroleum Refinery’s management has announced new pump prices of $839 per litre and a new gantry Premium Motor Spirit (PMS) price of $799.
The Refinery made the price adjustments public on Monday in a statement.
The development comes in addition to the previously announced 699-litre gantry price and the 739-liter pump price, which were both announced prior to the previous Yuletide celebration.
Aliko Dangote, president of Dangote Group, announced a nationwide reduction in the price of gasoline, starting at MRS stations in Lagos, to a price of 739 per litre ahead of the 2025 Christmas celebration.
The gantry price was reduced from 828 to 699 per litre, according to Dangote at a press briefing at the Lekki refinery.
He emphasized his commitment to combating price manipulation and said that the 739 per litre pump price would be enforced.
“From Tuesday, MRS will begin selling gasoline at N739 per liter. We will undoubtedly impose that low price. We’ll ensure that it is put into practice. You can come to this location to purchase your truck if you have one. At N699, we are selling. The NMDPRA percentage is included in the N699. So roughly N389 or so actually comes out to us.
We will fight as hard as we can to keep these prices low, according to the statement “Those who want to keep the price to sabotage the government.” The price is not N970. He said to reporters at the time, “You can pick up gasoline at N699 if you have money to come and buy.”
However, Dangote noted that with the holiday season over, PMS prices have been moderately adjusted to maintainable levels in order to support long-term market stability and affordability in a statement sent by the refinery management to journalists on Monday.
According to the statement, “The PMS gantry price is 799 per litre, while MRS retail outlets are selling at 839 per litre,” which indicates an increase in price from the previously announced pump price of 739 per litre.
However, The Refinery reiterated its commitment to uninterrupted supply of products and market stability.
David Bird, the CEO of Dangote Petroleum Refinery, stated during a statement regarding the development that the refinery “continues to supply the domestic market with approximately 50 million litres of PMS daily, with nationwide evacuation and distribution operating normally.”
He noted that the Refinery can process a wide range of crude and intermediate feedstocks while maintaining its planned maintenance schedule.
This ability, in his opinion, keeps the domestic supply uninterrupted and stable.
Meanwhile, the Refinery’s management has made allegations that some oil marketers are denying the benefit of price reductions to the general public.
The Refinery noted that to help Nigerians cope with rising household spending during the most recent holiday season, it purposefully and temporarily implemented a price support program.
According to the Refinery, this year saw the second consecutive holiday season when it incorporated high costs, including logistics support in 2024 and a price reduction in 2025 to promote affordability and market calm.
However, it noted that “many filling stations failed to accurately reflect the new price at the pump, denying Nigerians the benefits of the reduction,” despite the price reduction.
READ ALSO: Dangote’s Petrol Will Be Sold For $739 Per Litre Starting On Tuesday.
The Refinery reduced the gantry price from 828 to 699 per litre in December.
One of the several price cuts made by the Refinery was the one that pitted Dangote against oil marketers who had accused him of plotting to snitch the upstream market.
The Refinery, however, continued to defend its position as a domestic producer, saying that it “continues to protect the Nigerian market from import-related volatility and external supply disruptions, while remaining a stabilizing force in the downstream petroleum sector.”
Source: Channels TV
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