Dangote petrol price increase sees gantry rate rise to N799 per litre as the refinery ends its festive intervention

Dangote Petroleum Refinery on Monday in Lagos announced an increase in the gantry price of Premium Motor Spirit, PMS, raising it from N699 to N799 per litre following the end of the festive period.

Also read: Modular refineries join Dangote as local fuel production rises in Nigeria

The management of Dangote Petroleum Refinery disclosed the adjustment in a statement, confirming that petrol will now sell at N839 per litre at MRS filling stations nationwide.

The Dangote petrol price increase marks a reversal of an earlier reduction introduced as a temporary intervention to ease financial pressure on Nigerians during the festive season.

The refinery said the revised price reflects a return to what it described as sustainable market levels needed to support long term stability and affordability.

It explained that it deliberately absorbed higher costs during the festive period, when household spending typically rises, to cushion consumers.

The refinery said this was the second consecutive festive intervention in the national interest.

It recalled providing logistics support in 2024 and implementing a price reduction in 2025.

However, Dangote Petroleum Refinery expressed concern that many filling stations failed to pass the reduced prices to consumers, denying Nigerians the full benefit of the intervention.

Despite the adjustment, the refinery reaffirmed its commitment to market stability and uninterrupted fuel supply across the country.

The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, said the facility currently supplies about 50 million litres of PMS daily to the domestic market.

David Bird said evacuation and distribution operations are running smoothly nationwide, ensuring steady availability of petrol.

He added that the refinery is designed to process a wide range of crude and intermediate feedstocks, allowing continuous PMS supply even during planned maintenance.