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Dangote Refinery Raises Petrol Price to N799 Per Litre

Olusola Blessing by Olusola Blessing
January 27, 2026
in Business, News
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Dangote Petroleum Refinery
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The Dangote Petroleum Refinery has increased the ex-gantry price of premium motor spirit, commonly known as petrol, to N799 per litre, reflecting a N100 adjustment from the previous price of N699 per litre.

The earlier price, which took effect on December 12, 2025, was introduced as part of a temporary support measure during the festive period. In a statement issued on Monday, the refinery said the price realignment follows the conclusion of the festive season and is aimed at sustaining long-term market stability.

Under the new pricing structure, petrol sold through MRS retail outlets will now go for N839 per litre, up from N739 per litre. The refinery said the adjustment was modest and necessary to maintain affordability while ensuring uninterrupted supply across the country.

 

“With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long-term market stability and affordability,” the refinery said. It added that the PMS gantry price now stands at N799 per litre, while MRS retail outlets are selling at N839 per litre.

The refinery explained that the earlier price reduction formed part of a deliberate intervention to ease household expenses during a period of heightened spending. According to the company, this marked the second consecutive festive season in which it absorbed high costs in the national interest, including logistics support in 2024 and a temporary price reduction in 2025 to promote affordability and market calm.

 

Despite the price support, the refinery accused several filling stations of failing to reflect the reduced prices at the pump during the festive period, denying consumers the intended benefits of the intervention.

As a domestic producer, the refinery said it continues to shield the Nigerian fuel market from import-related volatility and external supply disruptions, positioning itself as a stabilising force in the downstream petroleum sector. It reaffirmed its commitment to energy security, price stability and long-term value for Nigerians, particularly for businesses that depend heavily on fuel for operations and distribution.

 

Speaking on the development, the refinery’s chief executive officer said the plant is currently supplying about 50 million litres of petrol daily to the domestic market, with nationwide distribution running smoothly. He explained that the refinery’s flexible design allows it to process different types of crude and intermediate feedstocks, enabling it to maintain supply even during scheduled maintenance periods.

According to him, this operational flexibility ensures that domestic fuel availability remains stable and uninterrupted, reducing uncertainty for transporters, small businesses and other fuel-dependent sectors across the economy.

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