In a major market intervention that could reshape Nigeria’s downstream petroleum sector, Dangote Petroleum Refinery has commenced nationwide sales of Premium Motor Spirit at ₦739 per litre across all MRS Oil Nigeria Plc filling stations, marking a significant departure from the traditional festive season fuel scarcity and price hikes.
The refinery, which operates over 2,000 MRS stations nationwide, is guaranteeing a daily supply of 50 million litres, fundamentally altering supply dynamics during the holiday period. This move comes at a time when Nigerians typically brace for hardship at the pumps.
“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the refinery stated, while issuing a stern warning against attempts by unscrupulous operators to create artificial scarcity.
The refinery has called on regulatory authorities to remain vigilant and take firm action against any manipulation, urging Nigerians to report any MRS station selling above ₦739 per litre by calling 0800 123 5264.
By refining locally at scale, Dangote Refinery is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilizing the Naira, and strengthening energy security. This sustained price cut and steady supply are providing relief to households, businesses, and transport operators nationwide.
In a related development, the Independent Petroleum Marketers Association of Nigeria has called on all its members to prioritize patronizing the Dangote Refinery, noting that the association controls over 80% of the PMS retail market. IPMAN National President Alhaji Abubakar Maigandi Shettima announced that free product delivery to filling stations will commence in January 2026, which is expected to lead to further decreases in pump prices.
“We are excited at the recent agreement by the Dangote Refinery to begin the supply of PMS products directly to registered IPMAN members, and its free delivery to our filling stations anywhere and everywhere in Nigeria which will commence in January 2026,” Shettima stated.
The association also reminded the new heads of oil and gas regulatory bodies of the long outstanding bridging claims owed its members totaling over N190 billion, calling on the NMPDRA new leadership to make this debt a serious concern.
Source: vanguardngr.com, leadership.ng