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Dangote Moves to Enforce ₦739 Petrol Price, Invites Nigerians to Report Violations

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Dangote Petroleum Refinery has stepped up efforts to ensure uniform petrol pricing across its retail distribution network, urging Nigerians to report any filling station selling Premium Motor Spirit (PMS) above the approved ₦739 per litre benchmark.

The refinery said the move is part of a broader strategy to guarantee that recent price reductions translate directly to consumers, particularly as fuel demand typically rises toward the end of the year.

By encouraging public feedback, the company aims to curb price abuses and strengthen transparency in the downstream market.

Dangote Petroleum Refinery confirmed that petrol is being supplied nationwide at the ₦739 per litre rate through designated retail outlets, backed by steady daily volumes to support availability and prevent supply disruptions.

The refinery stressed that the pricing framework is designed to reduce consumer costs, discourage speculative pricing, and stabilise the fuel market.

According to the company, Nigerians are encouraged to avoid purchasing petrol above the approved rate at participating outlets and to promptly flag any cases of non-compliance. The refinery said reports from consumers would help identify erring stations and support corrective action.

The enforcement push is focused on outlets operated by MRS Oil Nigeria Plc, which serves as the primary retail channel for the refinery’s petrol distribution.

Dangote noted that the majority of stations have complied with the pricing directive, reflecting what it described as responsible market conduct.

However, the refinery warned that attempts to inflate prices or restrict supply undermine market confidence and place unnecessary strain on consumers.

It called on industry stakeholders and regulators to remain vigilant against practices that could distort pricing or create artificial shortages.

Energy sector analysts say the refinery’s approach signals a more assertive role in shaping downstream pricing outcomes following fuel market deregulation. With domestic refining capacity increasing, producers are seeking to ensure that cost efficiencies are reflected at the pump rather than absorbed along the distribution chain.

The move also highlights the growing influence of local refining on Nigeria’s fuel pricing dynamics. As reliance on imported petrol declines, pricing is expected to become more sensitive to domestic supply conditions, logistics efficiency, and compliance by retail marketers.

Dangote Petroleum Refinery said it remains committed to supporting affordability and market stability, adding that sustained compliance with the ₦739 per litre benchmark is critical to delivering relief to motorists and strengthening confidence in locally refined fuel.

is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst with over 20 years of experience in global financial markets. Olukoya is a published contributor to Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, InvestorPlace, and other leading financial platforms. He is widely recognized for his in-depth market analysis, macroeconomic insights, and commitment to financial literacy across emerging economies.

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