Dangote Petroleum Refinery has commenced nationwide sale of Premium Motor Spirit (PMS) at a pump worth of N739 per litre throughout all MRS Oil Nigeria Plc filling stations.
This transfer represents a big milestone within the refinery’s mission to ship inexpensive gasoline to Nigerians and stabilise the downstream petroleum market.
With over 2,000 MRS stations nationwide, the brand new pricing is predicted to be applied throughout all retailers, making certain that the advantages of this discount attain shoppers nationwide. The refinery recommended entrepreneurs who’ve embraced the brand new pricing regime and urged others to comply with go well with within the curiosity of nationwide financial restoration.
“We commend MRS and different entrepreneurs who’ve demonstrated patriotism by reflecting the decreased worth on the pump. We name on others to affix this effort as a present of help for Nigeria’s financial restoration,” the refinery acknowledged.
Traditionally, the festive season has been related to gasoline shortage and sharp worth hikes. Nonetheless, Dangote Refinery has delivered a decisive market intervention—crashing pump costs at a time when Nigerians usually brace for hardship. Backed by a assured every day provide of fifty million litres, this initiative essentially alters the provision dynamics through the vacation interval.
By refining domestically at scale, the refinery is lowering Nigeria’s publicity to risky international markets, conserving overseas alternate, stabilising the Naira, and strengthening power safety. This sustained worth reduce and regular provide are offering reduction to households, companies, and transport operators nationwide.
The refinery additionally issued a stern warning in opposition to makes an attempt by unscrupulous operators to create synthetic shortage in response to the value discount, calling on authorities companies to behave decisively.
“Any try to create synthetic shortage or manipulate provide to frustrate latest worth reductions is unpatriotic and unacceptable. We urge regulatory authorities to stay vigilant and take agency motion in opposition to such practices, particularly throughout this essential festive interval,” the assertion added.
Shoppers have been suggested to withstand buying gasoline at inflated costs when cheaper, high-quality options are available.
“We encourage Nigerians to keep away from shopping for PMS at excessively excessive costs once they can entry domestically refined gasoline at N739 per litre from over 2,000 MRS stations nationwide. Report any MRS station promoting above N739 per litre by calling 0800 123 5264,” the refinery stated.
“We additionally name on different petrol station operators to patronise our merchandise in order that the advantages of this worth discount could be handed on to Nigerians throughout all retailers, making certain broad-based reduction and a extra secure downstream market.”
Dangote Petroleum Refinery reaffirmed its dedication to regular provide, worth moderation, and power safety, emphasising that its operations are anchored on long-term nationwide curiosity moderately than short-term market pressures.
“Our goal stays clear: to make sure a constant provide of high-quality petroleum merchandise at inexpensive costs for Nigerians, whereas supporting financial stability and lowering dependence on imports,” the refinery concluded.
