The ₦100 increase follows a period where the refinery absorbed high costs to provide relief to Nigerians during the high-spending December holiday period. According to the refinery, this realignment is necessary to ensure long-term market stability and the sustainability of domestic refining operations.
Ahead of the 2025 Christmas celebration, Aliko Dangote, President of the Dangote Group, announced a petrol price cut to ₦739 per litre nationwide, with initial implementation at MRS stations in Lagos.
However, in the statement sent by the Refinery management to journalists on Monday, Dangote noted that with the festive period concluded, “PMS prices have been modestly realigned to sustainable levels to support long-term market stability and affordability.
“Under the current alignment, the PMS gantry price is ₦799 per litre, while MRS retail outlets are selling at ₦839 per litre”, according to the statement, signalling an increase in price from the earlier announced pump price of ₦739 per litre.
The Refinery, however, reaffirmed its commitment to market stability and uninterrupted nationwide product supply.
