Lekki, December 15, 2025** – President of Dangote Group, Aliko Dangote, has announced that MRS Oil Nigeria Plc and other partner filling stations will begin selling petrol at N739 per litre starting Tuesday, December 16, following the refinery’s recent reduction of its gantry (ex-depot) price from N828 to **N699 per litre**.
Speaking at a press briefing held at the Dangote Petroleum Refinery in Lekki on Sunday, Dangote expressed frustration over marketers maintaining high pump prices despite the lower loading costs, accusing some of deliberately sabotaging efforts to reduce fuel prices for Nigerians.
“Starting from Tuesday, MRS will start selling petrol at N739 per litre. We will enforce that low price,” Dangote stated, adding that the refinery is open to independent marketers, including members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), who can load at N699 per litre.
He emphasised that transportation costs from the refinery are minimal—at most N15 per litre—questioning why some stations sell at up to N900 or higher. “Freight within Lagos is N10 or N15 maximum. So everything is going to cost you N715. Why do you want to sell at N900?” he asked.
Dangote alleged that certain officials had encouraged marketers to keep prices elevated to undermine the price reduction initiative, vowing to use available resources to “crash the price down” nationwide to no more than N740 per litre during December and January.
Accusations Against Regulator
In a sharp critique, Dangote accused the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of issuing “reckless” licences for the importation of over 7.5 billion litres of petrol in the first quarter of 2026, despite the refinery’s capacity to meet domestic demand. He claimed this discourages local investment and threatens smaller modular refineries.
When contacted, NMDPRA spokesman George Ene-Ita declined to comment, saying “For now, no comment.
The development marks the 20th petrol price adjustment by the refinery in 2025, aimed at stabilising supply and easing economic pressures on consumers ahead of the festive season.
