The Dangote Petroleum Refinery increased its gantry price for Premium Motor Spirit (PMS), or petrol, from N699 per litre to N799 per litre on January 26, 2026. This change ended a temporary price reduction provided during the festive season. The refinery announced the adjustment through an official statement on Monday evening.
The Announcement and Price Details
The refinery released a statement that confirmed the new gantry price. It also noted that MRS filling stations adjusted their retail price to N839 per litre. The move aligned pump prices with the updated ex-depot rate. Marketers across Nigeria followed the change to reflect the refinery’s pricing.
Reasons for the Adjustment
The refinery explained that it had offered deliberate price support during the festive period. This action cushioned Nigerians from high household spending. The statement highlighted that this marked the second consecutive festive season for such intervention. In 2024, the refinery absorbed logistics costs. In 2025, it reduced prices to promote affordability and market calm.
“With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long-term market stability and affordability,” the refinery stated. It added that some filling stations failed to pass on earlier reductions, which limited benefits for consumers. Therefore the adjustment returned prices to sustainable levels.
Impact on Retail and Consumers
The price increase affected retail outlets nationwide. For example, MRS stations sold petrol at N839 per litre after the change. This rise influenced transport costs and household expenses. Marketers adjusted pump prices in response to the new gantry rate. The change came after the festive support ended, so consumers faced higher costs for fuel.
Refinery Operations and Supply
David Bird, Chief Executive Officer of Dangote Petroleum Refinery, stated that the facility supplied approximately 50 million litres of PMS daily. He noted that evacuation and distribution continued normally across the country. The refinery’s design allowed it to process various crude oils and feedstocks. This flexibility ensured stable supply even during maintenance.
“As a domestic producer, Dangote Petroleum Refinery continues to shield the Nigerian market from import related volatility and external supply disruptions, while remaining a stabilising force in the downstream petroleum sector,” the statement said. It stressed that local production reduced exposure to global shocks.
Commitment to Long-Term Stability
The refinery reaffirmed its dedication to energy security and price stability. It focused on delivering long-term value for Nigerians. The price realignment aimed to balance affordability with sustainable operations. The facility continued to support uninterrupted nationwide supply.
