Dangote Refinery Raises Petrol Price to ₦799/Litre, As MRS Adjusts Pump Rate to ₦839

Dangote Petroleum Refinery has increased the ex-gantry price of Premium Motor Spirit (petrol) from ₦699 to ₦799 per litre, triggering an upward adjustment in pump prices at partner retail outlets, including MRS Oil Nigeria Plc.

The price review, which took effect immediately, marks a ₦100 increase and comes after the expiration of a temporary price support introduced by the refinery during the festive season.

Following the adjustment, MRS filling stations are now selling petrol at about ₦839 per litre, reflecting logistics, distribution and retail margins added to the new gantry price.

Industry sources said the earlier ₦699 rate was part of a short-term intervention by Dangote Refinery to cushion consumers during the yuletide period. With the festive window closed, the refinery said the latest pricing represents a return to what it described as a more sustainable market level.

The development underscores the influence of the Dangote Refinery on domestic fuel pricing, especially as independent marketers and major distributors increasingly source products locally rather than rely on imports.

Market analysts note that while the price increase may add pressure on consumers, local refining continues to reduce foreign exchange exposure, import-related costs and supply uncertainties that have historically driven sharper fuel price volatility.

MRS, one of Dangote Refinery’s key downstream partners, has emerged as a major retail outlet for Dangote-produced petrol nationwide, making its pump prices a reference point for market reactions to refinery-led price movements.

The Federal Government has maintained that fuel prices are fully deregulated, with refiners and marketers allowed to set prices based on market realities, costs and competition.

As more local refineries scale up production, stakeholders say pricing dynamics will increasingly be shaped by domestic supply conditions rather than international import benchmarks.