Dangote Petroleum Refinery & Petrochemicals has confirmed that the price of Premium Motor Spirit (PMS) remains unchanged, despite growing concerns about potential volatility in the downstream petroleum market.
- +Dangote Refinery maintains petrol price at N1,200 amid market volatility
A source from the company told Nairametrics that the refinery’s pricing structure remains intact, with the gantry price at N1,200 per litre and the coastal price at N1,153 per litre.
A source from the company told Nairametrics that the refinery’s pricing structure remains intact, with the gantry price at N1,200 per litre and the coastal price at N1,153 per litre.
The decision reflects the refinery’s ongoing focus on ensuring a steady supply of refined petroleum products across Nigeria and the wider African market.
According to a source at the Refinery who spoke to Nairametrics, the company is maintaining the current price, saying there was no changes in prices.
The source added that the refinery remains focused on ensuring the steady availability of refined petroleum products across Nigeria and the wider African market, reinforcing its role in supporting supply stability.
In March, Nairametrics reported that Dangote Petroleum Refinery reduced its ex-depot price for PMS by N100, bringing the price down from N1,175 per litre to N1,075.
The price stability highlights the refinery’s role in moderating fluctuations in the domestic fuel market.
Nairametrics reported that Dangote Petroleum Refinery and Petrochemicals witnessed a surge in inquiries from African countries seeking fuel supplies following disruptions caused by the Iran war.
Officials and stakeholders say the surge in demand reflects concerns over fuel availability rather than pricing, as countries prioritise energy security.
Governments are also taking steps to diversify supply sources to mitigate risks associated with Middle East disruptions.
Industry analysts note that the improved domestic refining capacity, particularly from Dangote Refinery, has helped stabilize petrol prices and prevented a spike to N1,500 per litre, which could have occurred amid global supply pressures.
The Dangote refinery, with a capacity of 650,000 barrels per day, is emerging as a key alternative supply hub for African countries seeking to reduce reliance on the Middle East.
