BREAKING: Dangote refinery denies PMS price increase, maintains ex-depot rate
LAGOS, Nigeria (NPA) — Dangote Petroleum Refinery and Petrochemicals has denied reports of an increase in the ex-depot price of Premium Motor Spirit (PMS), stating that the price remains unchanged.
In a statement issued on May 6, 2026, the company dismissed the claims and reaffirmed its commitment to maintaining stability in Nigeria’s domestic energy market.
The refinery noted that keeping prices steady is part of its broader strategy to cushion the economy against external shocks, moderate inflationary pressures, and ensure energy affordability for consumers.
It added that price stability is also critical to sustaining uninterrupted supply of petroleum products amid ongoing global uncertainties in the energy market.
The management urged the public to rely only on official communications from the company for accurate information, reiterating its responsibility to safeguard consumers and support the broader economy.
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