HomeNewsOil & GasDangote Refinery reaffirms market stability, assures nationwide PMS supply

Dangote Refinery reaffirms market stability, assures nationwide PMS supply

Published on

Dangote Petroleum Refinery & Petrochemicals reaffirms its commitment to market stability and uninterrupted nationwide supply of Premium Motor Spirit (PMS).

During the recent festive period, the Refinery implemented a deliberate and temporary price support intervention to cushion Nigerians at a time of heightened household spending.

This marked the second consecutive festive season in which the Refinery absorbed significant costs in the national interest, including logistics support in 2024 and a price reduction in 2025 to promote affordability and market calm.

Despite the price reduction, many filling stations failed to reflect the new price at the pump, thereby denying Nigerians the benefits of the reduction.

With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long term market stability and affordability.

Under the current alignment, the PMS gantry price is N799 per litre, while MRS retail outlets are selling at N839 per litre.

The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, stated that the Refinery continues to supply the domestic market with approximately 50 million litres of PMS daily, with nationwide evacuation and distribution operating normally.

He noted that the Refinery’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, enabling continued PMS supply during planned maintenance activities.
According to him, this capability ensures that domestic supply remains stable and uninterrupted.

As a domestic producer, Dangote Petroleum Refinery continues to shield the Nigerian market from import related volatility and external supply disruptions, while remaining a stabilising force in the downstream petroleum sector.

Dangote Petroleum Refinery remains focused on delivering energy security, price stability, and long-term value for Nigerians.

Kindly share this story:

Contact: editor@thereporterng.com

Stay informed!
Follow us on: X.com: @TheReporter2024
Follow us on: Facebook: TheReporterNigeria
WhatsApp for breaking news, updates and exclusive content. Don't miss a headline – Click below to join now!
WHATSAPP

Latest articles

Ramadan Reflection 26: Essence of Zakatul Fitr

By Haroon Ishola BalogunAt the end of Ramadan, Muslims perform a unique act of...

FG approves N2bn each as take-off grants for Epe varsity, Tinubu polytechnic

The Federal Government has announced the approval of N2 billion each as take-off grants...

ISRAELI JOURNALIST ALON MIZRAHI DROPS THE TRUTH BOMB: “Iran Is Bombing US Bases So Badly

In which Alon Mizrahi, an Israeli journalist, tells the world what the mainstream media...

Ramadan Reflection 25: Changing Your Destiny with the Night of Majesty

.Laylatul Qadr, often called the Night of Majesty, carries a profound spiritual significance because...

More like this

Ramadan Reflection 26: Essence of Zakatul Fitr

By Haroon Ishola BalogunAt the end of Ramadan, Muslims perform a unique act of...

FG approves N2bn each as take-off grants for Epe varsity, Tinubu polytechnic

The Federal Government has announced the approval of N2 billion each as take-off grants...

ISRAELI JOURNALIST ALON MIZRAHI DROPS THE TRUTH BOMB: “Iran Is Bombing US Bases So Badly

In which Alon Mizrahi, an Israeli journalist, tells the world what the mainstream media...