Dangote Refinery Reaffirms Commitment to Market Stability, Nationwide PMS Supply

Dangote Refinery Reaffirms Commitment to Market Stability, Nationwide PMS Supply

Dangote Petroleum Refinery & Petrochemicals has reiterated its commitment to ensuring market stability and uninterrupted nationwide supply of Premium Motor Spirit (PMS), assuring Nigerians of continued energy security.

The Refinery explained that during the recent festive season, it implemented a deliberate and temporary price support intervention aimed at easing the financial burden on Nigerians at a time of increased household spending. This intervention marked the second consecutive festive period in which the company absorbed significant costs in the national interest—providing logistics support in 2024 and implementing a price reduction in 2025 to enhance affordability and maintain market calm.

However, the Refinery expressed concern that despite the price reduction, many filling stations failed to reflect the adjusted price at the pump, thereby preventing Nigerians from fully benefiting from the initiative.

With the festive season now over, PMS prices have been modestly realigned to sustainable levels to support long-term market stability and affordability. Under the current pricing structure, the PMS gantry price stands at ₦799 per litre, while MRS retail outlets are selling at ₦839 per litre.

Speaking on the development, Chief Executive Officer of Dangote Petroleum Refinery, David Bird, disclosed that the Refinery continues to supply the domestic market with approximately 50 million litres of PMS daily, noting that nationwide evacuation and distribution are operating normally.

He further explained that the Refinery’s design flexibility allows it to process a broad range of crude and intermediate feedstocks, enabling uninterrupted PMS supply even during planned maintenance activities. According to him, this capability ensures consistent domestic supply and market stability.

As a local producer, Dangote Petroleum Refinery stated that it remains a key stabilising force in Nigeria’s downstream petroleum sector, shielding the market from import-related volatility and external supply disruptions.

The company reaffirmed its focus on delivering energy security, price stability, and long-term value for Nigerians.