Breaking: Dangote Refinery reaffirms market stability, assures nationwide PMS provide

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

In the course of the latest festive interval, the Refinery applied a deliberate and momentary value help intervention to cushion Nigerians at a time of heightened family spending. This marked the second consecutive festive season wherein the Refinery absorbed important prices within the nationwide curiosity, together with logistics help in 2024 and a value discount in 2025 to advertise affordability and market calm.

Regardless of the value discount, many filling stations didn’t mirror the brand new value on the pump, thereby denying Nigerians the advantages of the discount.

With the festive interval concluded, PMS costs have been modestly realigned to sustainable ranges to help long run market stability and affordability. Beneath the present alignment, the PMS gantry value is N799 per litre, whereas MRS stores are promoting at N839 per litre.

The Chief Govt Officer of Dangote Petroleum Refinery, David Chicken, acknowledged that the Refinery continues to provide the home market with roughly 50 million litres of PMS every day, with nationwide evacuation and distribution working usually.

He famous that the Refinery’s design flexibility permits it to course of a variety of crude and intermediate feedstocks, enabling continued PMS provide throughout deliberate upkeep actions. In keeping with him, this functionality ensures that home provide stays secure and uninterrupted.

As a home producer, Dangote Petroleum Refinery continues to protect the Nigerian market from import associated volatility and exterior provide disruptions, whereas remaining a stabilising pressure within the downstream petroleum sector.

Dangote Petroleum Refinery stays targeted on delivering vitality safety, value stability, and long-term worth for Nigerians.