Dangote Reduces Petrol Price To N739/Litre Nationwide

Dangote Petroleum Refinery has officially begun the nationwide distribution of Premium Motor Spirit (petrol) at a price of N739 per litre at all MRS Oil Nigeria Plc filling stations.

This initiative represents a significant step in the refinery’s goal to provide affordable fuel to the Nigerian populace and contribute to the stability of the downstream petroleum market.

According to a statement released by the company on Sunday, this new pricing will be applied across more than 2,000 MRS stations throughout the country.

The refinery aims to ensure that the benefits of this price reduction are accessible to consumers nationwide.

Furthermore, the refinery has praised marketers who have adopted the new pricing strategy, encouraging others to do the same to support the national economic recovery efforts.

“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.

Historically, the festive season in Nigeria has been associated with fuel scarcity and sharp price hikes. However, Dangote refinery has intervened decisively—reducing pump prices at a time when Nigerians typically brace for hardship. Backed by a guaranteed daily supply of 50 million litres, this initiative fundamentally alters supply dynamics during the holiday period.

By refining locally at scale, the refinery is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilising the naira, and strengthening energy security.

The sustained price cut and steady supply are providing relief to households, businesses, and transport operators nationwide.

The refinery also issued a stern warning against attempts by unscrupulous operators to create artificial scarcity in response to the price reduction, calling on government agencies to act decisively.

“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the statement added.

Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.

“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at ₦739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above ₦739 per litre by calling 0800 123 5264,” the refinery said.

The company also called on other petrol station operators to patronize its products so that the benefits of the price reduction can reach all Nigerians, ensuring broad-based relief and a more stable downstream market.

Dangote Petroleum Refinery reaffirmed its commitment to steady supply, price moderation, and energy security, emphasizing that its operations are anchored on long-term national interest rather than short-term market pressures.

“Our objective remains clear: to ensure a consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the refinery concluded.