Dangote Refinery Ends Festive Subsidy, Sets New Pump Price at ₦839 per Litre

The Dangote Petrochemical Refinery has announced a strategic realignment of its Premium Motor Spirit (PMS) pricing, marking the end of its seasonal price support programme. Under the new pricing structure released on Monday, the refinery’s gantry price has moved to ₦799 per litre, while the retail pump price at MRS stations nationwide is now set at ₦839 per litre.

This adjustment follows a temporary intervention during the 2025 yuletide season, where the refinery slashed prices to ₦739 per litre to ease the financial burden on Nigerian households. Management clarified that the current rates represent a shift toward sustainable market levels necessary for long-term operational stability.

Despite the price hike, the refinery continues to play a pivotal role in Nigeria’s energy security. Chief Executive Officer David Bird confirmed that the facility maintains a robust daily output of approximately 50 million litres of petrol. He emphasised that the refinery’s sophisticated design allows it to process diverse feedstocks, ensuring that domestic supply remains consistent even during routine maintenance periods.

In its statement, the refinery also addressed challenges within the downstream sector, alleging that some marketers failed to pass previous price cuts to consumers. By continuing to supply the domestic market directly, the refinery aims to insulate the Nigerian economy from the volatility of international oil imports. The management reaffirmed its dedication to providing long-term value and price transparency for the Nigerian public.