Petrol price now N739/litre at MRS… report stations selling above rate – Dangote refinery tells Nigerians

The Dangote Petroleum Refinery says it has commenced nationwide sale of premium motor spirit (PMS), also known as petrol, at N739 per litre across all MRS Oil Nigeria Plc filling stations.

Dangote refinery said the move represents a significant milestone in its mission to deliver affordable petrol and stabilise Nigeria’s downstream petroleum market.

The firm said with over 2,000 MRS stations nationwide, the new pricing is expected to be implemented across all outlets, ensuring that the benefits of the reduction reach consumers nationwide.

“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump,” the refinery said in a statement on Sunday.

“We call on others to join this effort as a show of support for Nigeria’s economic recovery.

“Historically, the festive season has been associated with fuel scarcity and sharp price hikes.

“However, Dangote Refinery has delivered a decisive market intervention—crashing 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 the supply dynamics during the holiday period.”

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

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

But the organisation warned against attempts by  “unscrupulous” operators to create artificial scarcity in response to the price reduction, calling on government agencies to take decisive action.

“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable,” the statement further reads.

“We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period.”

‘REPORT MRS STATION SELLING ABOVE N739’

The refinery urged consumers to refrain from buying petrol at inflated prices, noting that high-quality alternatives are available.

“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at N739 per litre from over 2,000 MRS stations nationwide,” the firm said.

“Report any MRS station selling above N739 per litre by calling 0800 123 5264.

“We also call on other petrol station operators to patronise our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market.”

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

(The Cable)