Business News of Thursday, 16 October 2025

Source: www.dailypost.ng

Dangote Refinery silently increases fuel price across Nigerian filling stations

Dangote Refinery’s retail price of Premium Motor Spirit, PMS, known as petrol, has risen to N950 per litre at MRS filling stations in Abuja.

This increase comes despite the refinery’s 650,000-barrel-per-day capacity, the nationwide Compressed Natural Gas, CNG truck distribution scheme, and the Naira for Crude initiative between the oil firm and the Nigerian government.

As of Tuesday, 14th October 2025, MRS filling stations in Abuja, owned by Aliko Dangote’s half-brother, Sayyu Dantata, dispensed petrol at N851 per litre at outlets in Kubwa and along the Lugbe Expressway.

However, on Wednesday, DAILY POST correspondents gathered that fuel prices at MRS filling stations had surged by N100 to N950 per litre.

The same price increase applies to other Dangote Refinery retail partners such as Ardova and Optima.

A manager at MRS, who spoke to DAILY POST on condition of anonymity, said the refinery’s wholesale price to marketers had risen in the last two days due to supply shortages.

“We had no choice. The N950 per litre we currently dispense is only slightly above the amount Dangote Refinery now charges us. It is no longer N850 per litre. The price has also gone up in Lagos and other cities,” the source said.

Meanwhile, DAILY POST reports that Dangote Refinery has yet to comment on the nationwide petrol price hike.

Recall that Dangote Refinery had previously assured Nigerians that its fuel distribution scheme would reduce pump prices; however, the recent development shows the reverse, as consumers now pay more for petrol.

Experts in the oil sector told DAILY POST that the refinery had halted gantry petrol loading in recent days, prioritising its last-mile distribution scheme due to a production shortfall.

The development comes weeks after the federal government, through the Nigerian National Petroleum Company Limited, NNPCL, renewed its Naira for Crude deal with the refinery.

Barely two days ago, NNPCL and other major filling stations also raised petrol prices to N955 per litre, up from between N905 and N920 in Abuja and its environs.

This was reportedly due to supply disruptions from Dangote Refinery, which led depot owners, including Ranoil, Matrix, AA Rano, and AYM Shafa, to increase their ex-depot prices to between N885 and N897 per litre in Lagos and Warri as of Tuesday.

Consequently, Nigerians now buy petrol across retail outlets nationwide for between N950 and N990 per litre, depending on location.