Dangote Petroleum Refinery has begun nationwide sales of Premium Motor Spirit (PMS) at a pump price of N739 per litre.
The sales will be available at all MRS Oil Nigeria Plc filling stations across the country.
The move represents a significant milestone in the refinery’s mission to deliver affordable fuel to Nigerians and stabilise the downstream petroleum market.
With over 2,000 MRS stations nationwide, the new pricing is expected to be implemented across all outlets, ensuring that the benefits of this reduction reach consumers nationwide.
In a statement by its management, the refinery praised marketers that have embraced the new pricing regime and urged others to follow suit in the interest of national economic recovery.
“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the refinery stated.
Due to the scarcity of products during festive periods, the Dangote Refinery has delivered a decisive market intervention by crashing pump prices at a time Nigerians typically brace for hardship.
This initiative, backed by a guaranteed daily supply of 50 million litres, fundamentally alters the supply dynamics during the holiday period.
Besides, industry watchers believe that by refining locally at scale, the refinery is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilising the naira and strengthening energy security. This sustained price cut and steady supply are providing relief to households, businesses and transport operators nationwide.
The refinery has also warned against attempts by those it called unscrupulous operators to create artificial scarcity in response to the price reduction.
It urged government agencies to act decisively.
