Dangote Petroleum Refinery and Petrochemicals Limited has clarified that the ex-depot price of Premium Motor Spirit (PMS) remains unchanged, dismissing recent reports of a price increase. The company stated that its pricing structure has not been altered, contradicting rumors that the price had risen to ₦1,350 per litre from the previous ₦1,275.
Refinery Reaffirms Commitment to Stability
In an official statement, Dangote Refinery emphasized that it has maintained its current prices to support stability in Nigeria’s domestic energy market. The company noted that by absorbing prevailing cost pressures, it helps moderate inflationary risks and promotes energy affordability.
“The refinery, by sustaining its current prices, reaffirms its commitment to supporting stability in the domestic energy market and cushioning the wider economy against external shocks,” the statement read. “We continue to help moderate inflationary risks, promote energy affordability, and ensure uninterrupted supply amid ongoing global uncertainties.”
Background of Price Rumors
Reports had emerged suggesting that Dangote Refinery increased the ex-depot price of petrol to ₦1,350 per litre, a ₦75 rise from the previous ₦1,275. This alleged hike would have followed a prior increase from ₦1,200, reflecting volatility in Nigeria’s fuel market despite the availability of local refining capacity. However, the refinery has categorically denied these claims.
Dedication to Quality and Transparency
Dangote Refinery reaffirmed its dedication to providing a steady supply of high-quality petroleum products to the Nigerian market while supporting national objectives of price stability and energy security. The company urged the public to rely solely on official statements from Dangote Petroleum Refinery and Petrochemicals Limited for accurate and up-to-date information on its operations and pricing.
This clarification comes as a relief to consumers and stakeholders who were concerned about further price hikes in the fuel sector. The refinery’s commitment to maintaining stable prices is expected to help ease inflationary pressures and support economic stability in Nigeria.
