Dangote Petroleum Refinery has officially begun selling Premium Motor Spirit (PMS) at N739 per litre across all MRS Oil Nigeria Plc stations, marking a major step in efforts to provide affordable fuel and stabilize the nation’s downstream petroleum sector.

With more than 2,000 MRS stations nationwide, the new pricing is expected to reach consumers throughout Nigeria. The refinery praised companies that have already adopted the reduced price and encouraged others to follow, describing the move as a boost to the country’s economic recovery.

“This price adjustment shows patriotism and support for Nigeria’s economic stability. We urge all marketers to align with this initiative,” the refinery said.

The timing of the reduction is particularly significant, as fuel shortages and price spikes are common during the festive season. Backed by a guaranteed daily supply of 50 million litres, Dangote Refinery aims to ensure uninterrupted fuel availability for households, transport operators, and businesses over the holiday period.

By producing fuel locally at scale, the refinery is helping reduce Nigeria’s reliance on volatile international markets, conserve foreign exchange, stabilize the naira, and enhance energy security.

The company also warned against attempts to create artificial scarcity or manipulate supply in response to the lower prices, urging regulatory authorities to act swiftly against such practices. Consumers were similarly advised to avoid paying inflated prices when cheaper, locally refined fuel is readily available.

In a statement, the refinery said, “We encourage Nigerians to report any station selling above N739 per litre by calling 0800 123 5264. Our goal is to ensure affordable, consistent supply nationwide while supporting long-term economic stability.”

Dangote Petroleum Refinery reaffirmed its commitment to maintaining steady fuel supply, moderating prices, and reducing dependence on imports, emphasizing that its operations prioritize national interest over short-term market gains.