Dangote Petroleum Refinery has commenced nationwide sales of Premium Motor Spirit (PMS) at a pump price of ₦739 per litre across all MRS Oil Nigeria Plc filling stations, in a move expected to ease fuel costs and stabilise Nigeria’s downstream petroleum market.
The refinery announced the development in a statement issued on Sunday, describing the rollout as a major step in its drive to deliver affordable, locally refined fuel to Nigerians.
According to the company, the new price is being implemented across more than 2,000 MRS stations nationwide, ensuring that consumers in different parts of the country benefit from the reduction.
Dangote Refinery praised MRS and other marketers that have adopted the revised pricing and urged more operators to reflect the new pump price in the interest of economic recovery.
“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump,” the statement said. “We call on others to join this effort as a show of support for Nigeria’s economic recovery.”
The development comes at a time when Nigerians typically brace for fuel scarcity and price increases during the festive season. Historically, the end-of-year period has been marked by supply disruptions and sharp hikes in pump prices, driven by logistics challenges and speculative practices.
However, Dangote Refinery said its intervention this season, backed by a guaranteed daily supply of up to 50 million litres, is designed to fundamentally alter fuel supply dynamics and prevent scarcity.
By refining petroleum products locally at scale, the company said it is reducing Nigeria’s exposure to volatile global oil markets, conserving foreign exchange, supporting the stability of the naira, and strengthening the country’s overall energy security.
The refinery noted that the sustained price reduction and steady supply are already providing relief to households, businesses, and transport operators, particularly amid prevailing economic pressures.
Dangote Refinery also issued a warning against attempts by marketers or other operators to exploit the situation by creating artificial scarcity or manipulating supply in response to the price cut.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable,” the company said. “We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period.”
Consumers were advised to resist buying fuel at inflated prices where cheaper alternatives are available. The refinery encouraged Nigerians to patronise stations offering the approved price and to report violations.
“We encourage Nigerians to avoid purchasing PMS at excessively high prices when they can access locally refined fuel at ₦739 per litre from over 2,000 MRS stations nationwide,” the statement said, adding that complaints can be reported through a dedicated helpline.
The refinery also called on other filling station operators to source products from Dangote Refinery to enable broader distribution of the price reduction and ensure that its impact is felt nationwide.
According to the company, wider participation by marketers would promote competition, improve price stability, and deepen confidence in the domestic refining sector.
Reaffirming its long-term outlook, Dangote Petroleum Refinery said its operations are guided by national interest rather than short-term market pressures.
“Our objective remains clear: to ensure a consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the company stated.
The nationwide rollout marks another milestone in Nigeria’s transition toward local refining and reduced reliance on imported fuel, with implications for pricing, supply security, and the broader economy.