Dangote Refinery Rolls Out PMS Nationwide at N739/Litre
has commenced nationwide sales of Premium Motor Spirit (PMS) at N739 per litre, making the fuel available at all MRS Oil Nigeria Plc filling stations across the country. The move aims to provide affordable fuel to Nigerians and stabilise the downstream petroleum sector.
With over 2,000 MRS stations nationwide, the reduced pricing is expected to benefit consumers across the country. The refinery commended marketers who have adopted the new pricing and urged others to follow suit, describing the move as a patriotic effort to support Nigeria’s economic recovery.
The launch comes amid the usual festive fuel scarcity, providing timely relief with a guaranteed daily supply of 50 million litres. Analysts note that local refining at scale eases domestic supply, reduces exposure to global market volatility, conserves foreign exchange, stabilises the naira, and strengthens energy security.
The refinery warned against attempts by unscrupulous operators to create artificial scarcity, urging regulatory authorities to take firm action. Consumers were also advised to avoid buying fuel at inflated prices when affordable alternatives are available, with a hotline provided to report violations.
Dangote Petroleum Refinery has further introduced measures to enhance supply reliability, including reducing the minimum purchase volume from 2 million litres to 250,000 litres and implementing a 10-day bank guarantee system, resulting in over 1,000 trucks loading PMS daily.
Aliko Dangote, President of Dangote Group, stated, “Our goal is to make energy affordable and accessible for every Nigerian. By lowering prices and reducing purchase volumes, we are empowering both large and small marketers to ensure fuel reaches every part of the country.”
The initiative is supported by the Independent Petroleum Marketers Association of Nigeria (IPMAN), which controls over 80% of the PMS retail market. IPMAN assured Nigerians that there would be no gaps or shortages in supply.
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