Dangote Petroleum Refinery and Petrochemicals Limited has dismissed reports claiming an increase in the ex-depot price of premium motor spirit (PMS), popularly known as petrol, insisting that its pricing remains unchanged.
In a statement issued on Wednesday, the refinery clarified that it has not adjusted its petrol price to N1,350 per litre as widely speculated, stressing its commitment to maintaining stability in Nigeria’s energy market.
“The Refinery, by sustaining its current prices, is reaffirming its commitment to supporting stability in the domestic energy market and cushioning the wider economy against external shocks,” the company stated.
According to the firm, it has continu to absorb rising operational and global cost pressures in a bid to moderate inflation, ensure energy affordability, and maintain uninterrupted supply across the country.
READ ALSO: Dangote Refinery Cuts Petrol Price To ₦1,200 Per Litre Amid Oil Price Drop
The clarification comes amid heightened sensitivity around fuel pricing, with consumers closely monitoring fluctuations due to their direct impact on transportation costs, food prices, and overall cost of living.
Dangote refinery reiterated its dedication to ensuring a steady supply of high-quality petroleum products, aligning its operations with national goals of price stability and energy security.
The company also urged Nigerians to rely solely on its verified communication channels for accurate information regarding pricing and operations, warning against misinformation circulating in the public space.
Recent pricing trends indicate some adjustments in the downstream sector, with a noted N75 variation from previous benchmarks.
Earlier in the year, on March 26, the refinery announced a reduction in its ex-gantry petrol price N1,200 per litre.
Industry analysts say the refinery’s decision to hold prices steady, despite global volatility, could provide short-term relief for consumers and support broader economic stability.