The Nigerian National Petroleum Company (NNPC) Limited has adjusted the pump price of Premium Motor Spirit (PMS), increasing it to N835 per litre in Lagos and N839 per litre in Abuja.
Checks by TheCable on Wednesday showed that the new prices had been implemented across NNPC retail outlets in both cities.
The price adjustment followed a revision by Dangote Petroleum Refinery, which on Monday raised its gantry price of petrol from N699 per litre to N799 per litre.
Consequently, the refinery announced that MRS filling stations would now sell PMS at N839 per litre nationwide.
In a statement issued on Monday evening, Dangote Refinery explained that the increase followed the conclusion of the festive period.
“With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long-term market stability and affordability. Under the current alignment, the PMS gantry price is N799 per litre, while MRS retail outlets are selling at N839 per litre,” the statement said.
The refinery reaffirmed its commitment to market stability and uninterrupted nationwide supply of PMS, noting that it had implemented a temporary price support intervention during the recent festive season to ease pressure on households amid increased spending.
According to the refinery, this marked the second consecutive festive season in which it absorbed high costs in the national interest, citing logistics support in 2024 and a price reduction in 2025 to promote affordability and market calm.
“Despite the price reduction, many filling stations failed to reflect the new price at the pump, thereby denying Nigerians the benefits of the reduction,” the statement added.
The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, said the refinery continues to supply the domestic market with about 50 million litres of PMS daily, with nationwide evacuation and distribution operating normally.
He noted that the facility’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, enabling continued PMS supply even during planned maintenance activities.
According to him, this ensures that domestic supply remains stable and uninterrupted.
“As a domestic producer, Dangote Petroleum Refinery continues to shield the Nigerian market from import-related volatility and external supply disruptions, while remaining a stabilising force in the downstream petroleum sector,” Bird said.
“Dangote Petroleum Refinery remains focused on delivering energy security, price stability, and long-term value for Nigerians.”
