Dangote Petroleum Refinery has begun the nationwide sale of Premium Motor Spirit (PMS) at a pump price of ₦739 per litre across all MRS Oil Nigeria Plc filling stations, a move aimed at easing fuel costs for consumers and stabilising Nigeria’s downstream petroleum market.
In a statement released on Sunday, the refinery confirmed that the new price is being implemented across more than 2,000 MRS outlets nationwide, ensuring wide access to the reduced-rate petrol. The company praised marketers that have already adopted the new pricing structure and urged others to align with the initiative in support of economic recovery.
The refinery described the price reduction as particularly significant given Nigeria’s history of fuel scarcity and price spikes during the festive season. With a guaranteed daily supply of up to 50 million litres, Dangote Refinery said the initiative is designed to change supply patterns during periods of high demand and prevent the disruptions typically associated with the holidays.
By refining petroleum products locally and at scale, the company said it is helping to limit Nigeria’s dependence on international fuel markets, reduce pressure on foreign exchange, support naira stability, and improve national energy security. The steady supply and lower prices are expected to provide relief to households, transport operators, and businesses across the country.
Dangote Refinery also cautioned against attempts by operators to undermine the price cut through artificial shortages, calling on relevant government agencies to closely monitor the market and take decisive action against any form of manipulation.
The company advised consumers to avoid purchasing fuel at inflated prices when cheaper, locally refined alternatives are available. It encouraged Nigerians to report any MRS station selling above the approved ₦739 per litre price through a dedicated hotline.
In addition, the refinery appealed to other fuel marketers to source products from its facility, noting that broader participation would help extend the benefits of the price reduction nationwide and promote a more stable and competitive fuel market.
