Dangote Refinery Condemns Gas Value Hike Above ₦739/Litre, nationwide

… Warns Towards Synthetic Shortage, urges Nigerians to report MRS’s non-compliant stations

Dangote Petroleum Refinery has commenced nationwide gross sales of Premium Motor Spirit (PMS) at a pump value of ₦739 per litre throughout all MRS Oil Nigeria Plc filling stations. This transfer represents a major milestone within the refinery’s mission to ship reasonably priced gas to Nigerians and stabilize the downstream petroleum market.

With over 2,000 MRS stations nationwide, the brand new pricing is anticipated to be applied throughout all shops, making certain that the advantages of this discount attain shoppers nationwide. In its assertion, the refinery recommended entrepreneurs who’ve embraced the brand new pricing regime and urged others to comply with swimsuit within the curiosity of nationwide financial restoration.

“We commend MRS and different entrepreneurs who’ve demonstrated patriotism by reflecting the decreased value on the pump. We name on others to hitch this effort as a present of assist for Nigeria’s financial restoration,” the refinery acknowledged.

Traditionally, the festive season has been related to gas shortage and sharp value hikes. Nevertheless, Dangote Refinery has delivered a decisive market intervention—crashing pump costs at a time when Nigerians sometimes brace for hardship. Backed by a assured day by day provide of fifty million litres, this initiative essentially alters the provision dynamics in the course of the vacation interval.

By refining domestically at scale, the refinery is decreasing Nigeria’s publicity to risky international markets, conserving overseas alternate, stabilizing the Naira, and strengthening power safety. This sustained value lower and regular provide are offering aid 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 value 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.

Customers had been suggested to withstand buying gas at inflated costs when cheaper, high-quality alternate options are available.

“We encourage Nigerians to keep away from shopping for PMS at excessively excessive costs after they can entry domestically refined gas at ₦739 per litre from over 2,000 MRS stations nationwide. Report any MRS station promoting above ₦739 per litre by calling 0800 123 5264,” the refinery mentioned.

“We additionally name on different petrol station operators to patronize our merchandise in order that the advantages of this value discount could be handed on to Nigerians throughout all shops, making certain broad-based aid and a extra secure downstream market.”

Dangote Petroleum Refinery reaffirmed its dedication to regular provide, value moderation, and power safety, emphasizing that its operations are anchored on long-term nationwide curiosity fairly than short-term market pressures.

“Our goal stays clear: to make sure constant provide of high-quality petroleum merchandise at reasonably priced costs for Nigerians, whereas supporting financial stability and decreasing dependence on imports,” the refinery concluded.