The management of Dangote Petroleum Refinery has announced an upward adjustment in the price of Premium Motor Spirit (PMS), raising the gantry price to ₦799 per litre and the pump price to ₦839 per litre at MRS retail outlets nationwide.

The price adjustment was disclosed in a statement issued by the refinery on Monday.

The new pricing replaces the previous gantry price of ₦699 per litre and the ₦739 per litre pump price that was introduced ahead of the last yuletide celebration.

Before the 2025 Christmas period, President of the Dangote Group, Aliko Dangote, had announced a nationwide reduction in petrol prices to ₦739 per litre, with implementation beginning at MRS stations in Lagos. At a press briefing at the Lekki refinery, Dangote explained that the gantry price had been cut from ₦828 to ₦699 per litre to ease the burden on consumers during the festive season.

However, in the statement released on Monday, Dangote noted that with the conclusion of the festive period, petrol prices had been adjusted to reflect prevailing market realities.

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

“Under the current alignment, the PMS gantry price is ₦799 per litre, while MRS retail outlets are selling at ₦839 per litre.”

The refinery acknowledged that the new pricing represents an increase from the earlier ₦739 per litre pump price but emphasized its continued commitment to ensuring market stability and uninterrupted nationwide supply of petroleum products.

Dangote Petroleum Refinery reiterated that its pricing decisions are guided by the need to balance affordability with sustainability in Nigeria’s downstream petroleum market.