Dangote Petroleum Refinery and Petrochemicals has debunked the rumours about a fresh petrol price increment, saying its ex-depot price for Premium Motor Spirit (PMS) remains unchanged at N1,275 per litre.
The company disclosed this in a statement on Wednesday, noting that there has been no adjustment to its current pricing structure.
The clarification comes amid continued volatility in global energy markets and rising operational cost pressures across the petroleum value chain.
What they are saying
The refinery said the move is part of its broader strategy to support stability in the domestic fuel market and reduce the impact of external shocks on the Nigerian economy.
- “Dangote Petroleum Refinery and Petrochemicals Limited wishes to clarify that the price of Premium Motor Spirit (PMS) remains unchanged, as our ex-depot price continues to remain the same.”
- “The refinery, by sustaining its current prices, is reaffirming its commitment to supporting stability in the domestic energy market and cushioning the wider economy against external shocks.”
The company said it is deliberately maintaining pricing levels despite rising global and operational cost pressures
The refinery added that its pricing approach is designed to ensure steady product availability while supporting broader energy market stability.
More Insights
Dangote Refinery said its decision to absorb cost pressures rather than pass them on to consumers is aimed at reducing inflationary risks and supporting economic stability.
- The refinery noted that stable pricing helps cushion businesses, transport operators, manufacturers, and households
- It emphasized its role in supporting energy affordability in Nigeria’s downstream sector
- The company said it continues to operate amid volatility in global crude oil and refined product markets
- It also highlighted efforts to ensure an uninterrupted fuel supply across the country
The move comes at a time when global energy prices remain sensitive to supply disruptions, geopolitical tensions, and fluctuating crude oil benchmarks.
What you should know
The refinery’s pricing decision is expected to have broader implications for fuel stability and inflation management in Nigeria’s energy-dependent economy.
- Nairametrics reports that Dangote Petroleum Refinery and Petrochemicals is witnessing a surge in inquiries from African countries seeking fuel supplies following disruptions caused by the Iran war.
- Nairametrics reported earlier that Nigeria imported crude oil worth $3.74 billion in 2025 for processing at the Dangote Petroleum Refinery.
- In February, Dangote Petroleum Refinery announced it reached its full designed capacity of 650,000 barrels of crude oil per day (bpd).
Nairametrics has previously reported that the Dangote Petroleum Refinery exported 456,000 tonnes of refined petroleum products through 12 cargoes lifted by international traders in March 2026.
The shipments, comprising Premium Motor Spirit (PMS), were delivered to multiple African destinations, including Côte d’Ivoire, Cameroon, Tanzania, Ghana, and Togo.
