Barring any last-minute changes, MRS Oil Nigeria Plc and other partners of the Dangote Petroleum Refinery are set to begin selling petrol at N739 per litre nationwide.
The development comes two days after the Dangote refinery reduced its petrol gantry price from N828 to N699 per litre. Speaking at a press briefing at the Lekki refinery on Sunday, Dangote Group President Alhaji Aliko Dangote said the move aims to make fuel more affordable for Nigerians, despite resistance from some marketers.
Concerns Over Pump Prices
Dangote expressed frustration that some filling stations fail to pass on lower gantry prices to consumers. He accused them of deliberately keeping pump prices high to undermine the refinery’s efforts.
According to him, MRS stations would start selling petrol at N739 per litre from Tuesday, with other partners expected to follow soon after.
“I was told that the marketers met with some officials and were told to keep prices high. But starting with MRS stations, you won’t see N970 per litre again,” Dangote said.
He also invited independent marketers to purchase directly from the refinery, stating that any marketer capable of lifting up to 10 truckloads could buy petrol at the N699 per litre gantry price.
“We will use all resources to lower the price. It may take a week to 10 days, but we want petrol sold for no more than N740 nationwide for December and January,” he added.
Allegations of Sabotage
Dangote alleged that attempts to keep pump prices high amounted to sabotage. He questioned why petrol should sell for as much as N900 per litre when transportation costs within Lagos are only N10–N15 per litre.
“Everything should cost about N715. People should get the real price,” he said.
He criticised the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for issuing 47 import licences to bring in over seven billion litres of petrol in the first quarter of 2026. Dangote argued that this undermines local refining investments, including modular refineries, many of which are struggling to survive.
“Those modular refineries are almost on the verge of collapse. None of them is making a dime,” he said.
Dangote dismissed claims of monopoly, stressing that the refinery remains open to any marketer willing to buy petrol directly at the approved price.
Commitment to Enforce New Price
Reiterating his commitment, Dangote assured Nigerians that the N739 per litre pump price would be enforced starting with MRS stations on Tuesday.
“Starting from Tuesday, MRS will start selling petrol at N739 per litre. If you have your truck, you can come here and buy it at N699,” he said.
When contacted, NMDPRA spokesman George Ene-Ita said, “For now, no comment.”
Barring any last-minute changes, MRS Oil Nigeria Plc and other partners of the Dangote Petroleum Refinery are set to begin selling petrol at N739 per litre nationwide.
The development comes two days after the Dangote refinery reduced its petrol gantry price from N828 to N699 per litre. Speaking at a press briefing at the Lekki refinery on Sunday, Dangote Group President Alhaji Aliko Dangote said the move aims to make fuel more affordable for Nigerians, despite resistance from some marketers.
Concerns Over Pump Prices
Dangote expressed frustration that some filling stations fail to pass on lower gantry prices to consumers. He accused them of deliberately keeping pump prices high to undermine the refinery’s efforts.
According to him, MRS stations would start selling petrol at N739 per litre from Tuesday, with other partners expected to follow soon after.
“I was told that the marketers met with some officials and were told to keep prices high. But starting with MRS stations, you won’t see N970 per litre again,” Dangote said.
He also invited independent marketers to purchase directly from the refinery, stating that any marketer capable of lifting up to 10 truckloads could buy petrol at the N699 per litre gantry price.
“We will use all resources to lower the price. It may take a week to 10 days, but we want petrol sold for no more than N740 nationwide for December and January,” he added.
Allegations of Sabotage
Dangote alleged that attempts to keep pump prices high amounted to sabotage. He questioned why petrol should sell for as much as N900 per litre when transportation costs within Lagos are only N10–N15 per litre.
He criticised the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for issuing 47 import licences to bring in over seven billion litres of petrol in the first quarter of 2026. Dangote argued that this undermines local refining investments, including modular refineries, many of which are struggling to survive.
Dangote dismissed claims of monopoly, stressing that the refinery remains open to any marketer willing to buy petrol directly at the approved price.
Commitment to Enforce New Price
Reiterating his commitment, Dangote assured Nigerians that the N739 per litre pump price would be enforced starting with MRS stations on Tuesday.
“Starting from Tuesday, MRS will start selling petrol at N739 per litre. If you have your truck, you can come here and buy it at N699,” he said.
When contacted, NMDPRA spokesman George Ene-Ita said, “For now, no comment.”
