WorldStage– Dangote Petroleum Refinery and Petrochemicals Limited has denied any increse in the price of Premium Motor Spirit (PMS), saying its ex‑depot price remains unchanged.
The denial is coming in a statement after a report that the refinery has effected another upward price adjustment, raising its ex-depot price of Premium Motor Spirit to N1,350 per litre.
The report said the latest adjustment on Wednesday represents a N75 increase from the previous N1,275 per litre, reinforcing a pattern of frequent price recalibrations that has defined the market in recent weeks.
An official was quoted as saying that the new gantry price has been implemented across all loading channels, forcing marketers to immediately adjust their pricing templates amid tight supply conditions and shifting cost realities.
However, the Refinery said by sustaining it’s current prices “is reaffirming its commitment to supporting stability in the domestic energy market and cushioning the wider economy against external shocks.
“By absorbing prevailing cost pressures, the refinery continues to help moderate inflationary risks, promote energy affordability, and ensure uninterrupted supply amid ongoing global uncertainties.”
Dangote Refinery reaffirmed its dedication to the steady supply of high‑quality petroleum products to the Nigerian market, while supporting national objectives of price stability and energy security.
“The public is urged 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,” the statement said.
