Energy Blues: Why Dangote Refinery raises gantry, retail PMS prices at MRS stations –Official

*The Management of Dangote Petroleum Refinery affirm prices of the Premium Motor Spirit, also known as petrol, have been ‘modestly realigned to sustainable levels to support long-term market stability and affordability’

Emmanuel Akosile | ConsumerConnect

The Management of the Dangote Petroleum Refinery have explained reason they announced a new gantry Premium Motor Spirit (PMS) price of N799, and a pump price of N839 per litre at MRS stations nationwide.

The Refinery noted the upward adjustment in PMS price in a statemet issued Monday, January 26, 2026.

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Dangote Refinery stated that with the festive period concluded, “PMS prices have been modestly realigned to sustainable levels to support long-term market stability and affordability.”

The company also said: “Under the current alignment, the PMS gantry price is ₦799 per litre, while MRS retail outlets are selling at ₦839 per litre”, indicating an increase in price from the earlier announced pump price of ₦739 per litre.

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Recently, the oil-refining company had fixed and announced its gantry price for ₦699 per litre, and the ₦739 pump price ahead of the last festive season.

It is recalled that prior to the 2025 Christmas celebration, Alhaji Aliko Dangote, President/Chief Executive of Dangote Group, had announced a petrol price cut to ₦739 per litre nationwide, with initial implementation at MRS stations, in Lagos.

Dangote, at a press briefing at the Lekki refinery, said the gantry price had been reduced from ₦828 to ₦699 per litre.

He assured that the ₦739 per litre pump price would be enforced and emphasised his commitment to fight price manipulation.

He had stated: “Starting from Tuesday, MRS will start selling petrol at N739/litre.

“Definitely, we will enforce that low price. We will make sure that it’s implemented.

“If you have your truck, you can come here and buy it. We are selling at N699.”

Dangote also explained: “The N699 includes the percentage of NMDPRA. So what actually comes out to us is about N389 or so.

“Those who want to keep the price to sabotage the government, we will fight as much as we can to make sure that these prices are down.

“N970 is not the price. If you have money to come and buy, you can pick up petrol at N699,” he told journalists at the time.

In view of the latest upward adjustments in both gantry and retail prices, Dangote Refinery reaffirmed its commitment to market stability and uninterrupted nationwide product supply.

Speaking on the development, David Bird, Chief Executive Officer (CEO) of Dangote Petroleum Refinery, stated that the Refinery “continues to supply the domestic market with approximately 50 million litres of PMS daily, with nationwide evacuation and distribution operating normally.”

Bird said the Refinery’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, enabling continued PMS supply during planned maintenance activities.

This capability, he said, ensures that the domestic supply remains stable and uninterrupted.

The Refinery as well Management alleged that some oil marketers were robbing energy consumers of the benefits of the earlier price cuts.

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