Dangote Refinery denies petrol price increment, says price remains at N1,275/litre
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.
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.
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.
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.
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 move comes at a time when global energy prices remain sensitive to supply disruptions, geopolitical tensions, and fluctuating crude oil benchmarks.
The refinery’s pricing decision is expected to have broader implications for fuel stability and inflation management in Nigeria’s energy-dependent economy.
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.
