In a statement released on Monday, the refinery emphasised that production remained ongoing, stable, and uninterrupted.

“Dangote Petroleum Refinery continues to operate at scale and retains the capacity to supply between 40 million and 50 million litres of Premium Motor Spirit, PMS, daily through January and February, subject solely to market demand,” the statement reads in part.

It added that on January 4, the refinery produced 50 million litres of PMS and evacuated 48 million litres via its gantry.

“Current stock levels cover over 20 days of national consumption, effectively dispelling any concerns about supply.”

The refinery clarified that routine maintenance on specific units, including the Crude Distillation Unit, CDU, and Residual Fluid Catalytic Cracking, RFCC, does not interrupt overall production, owing to the sophisticated and integrated design of its processing units.

Other critical units, such as the Naphtha Hydrotreater, CCR Reformer, and Hydrocracker, remain fully operational, producing PMS, Diesel (Automotive Gas Oil), and Jet A-1.

“Dangote Petroleum Refinery confirms that it has consistently maintained adequate PMS availability for the domestic market. From 16 December 2025 to date, the refinery has loaded between 31 million and 48 million litres of PMS daily from its gantry, in line with prevailing market demand. These volumes are fully verifiable against depot loading records maintained by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, in the normal course of its regulatory responsibilities,” the statement reads.

The refinery also reaffirmed its ex-gantry price of N699 per litre for PMS, available to all marketers and bulk consumers.

It encouraged filling stations, large-scale users, and institutional buyers to patronise locally refined products, which are more affordable, reliable, and of high quality, rather than relying on imported alternatives.

“By sourcing PMS locally at N699 per litre, marketers are better positioned to pass on price relief to consumers, enhance market stability, conserve foreign exchange, and support Nigeria’s broader economic recovery and energy security objectives,” the refinery said.

Dangote Petroleum Refinery accused fuel importers of promoting false reports to justify recent, unwarranted increases in petrol pump prices, noting that such actions ran counter to national interest and impose unnecessary hardship on Nigerians.

According to the refinery, without domestic refining, petrol prices could rise to as much as N1,400 per litre in a post-subsidy environment, highlighting the stabilising role of local production.

“Recent price movements further highlight an uncomfortable reality. In the absence of the Dangote Petroleum Refinery, fuel importers would continue to operate without restraint, with petrol prices potentially escalating to levels estimated at up to N1,400 per litre in a post-subsidy environment. The refinery’s operations have therefore served as a critical stabilising force in the downstream petroleum market,” the statement added.

Reiterating its commitment to energy security and market stability, the refinery said it would continue supplying high-quality petroleum products, maintaining steady availability, and supporting Nigeria’s broader economic growth. Stakeholders and the public were advised to disregard misinformation and rely on verified sources.

“Dangote Petroleum Refinery will continue to act in the national interest by supplying high-quality, locally refined petroleum products while supporting Nigeria’s economic stability, energy independence, and industrial growth,” it concluded.

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The post Dangote refinery dismisses shutdown claims, maintains daily output appeared first on Frontpageng.

It reassured the public and market stakeholders that its activities remained fully active and stable.

In an official statement by the Group Chief Branding and Communications Officer, Anthony Chiejina, the refinery’s management categorically denied claims that truck loading had been suspended or that production had been interrupted.

“The Dangote Petroleum Refinery is fully operational. There has been no shutdown, nor has there been any suspension of truck loading activities,” the statement reads.

The refinery also clarified that the intermitent sale of Residual Catalytic Oil, RCO, is part of normal business operations, often involving large parcel sales, which explains the recent fuel oil tender.

According to the management, Dangote Petroleum Refinery consistently supplies over 40 million litres of PMS daily, alongside steady volumes of Automotive Gas Oil (diesel). These supplies continue unabated, despite speculation suggesting otherwise.

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“As the world’s largest single-train petroleum refinery, the facility employs advanced predictive and preventive maintenance protocols to ensure uninterrupted operations. Routine maintenance activities are standard and do not impact the overall fuel supply,” the statement further clarified.

In response to speculation about potential supply shortages and price increases, the refinery challenged those sponsoring the rumour to place orders for daily deliveries of up to 40 million litres of PMS and 15 million litres of diesel for the next 90 days.

“To those who believe this misinformation and anticipate a bullish market, we extend a challenge: We invite interested buyers to place immediate orders for up to 40 million litres of PMS daily and 15 million litres of AGO daily, for the next 90 days.”

The refinery reaffirmed its commitment to transparency and Nigeria’s energy security, urging the public to disregard unfounded rumours sponsored by unscrupulous and unpatriotic individuals seeking to undermine the country’s energy independence for their own selfish interests, including the importation of substandard fuels under the false pretext of domestic supply shortages.

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This move follows the refinery’s recent reduction of its gantry price from N890 per litre to N825 per litre.

The refinery stated that that was part of its ongoing efforts to ensure that Nigerians were the primary beneficiaries of the price reduction and in line with President Bola Tinubu’s Renewed Hope Agenda, which aims to stimulate the economy.

In a statement issued over the weekend, the refinery confirmed it would refund N65 per litre on the over 200,000 metric tonnes of PMS purchased by marketers at the old gantry price of N890 per litre, prior to the new rate of N825 per litre.

Dangote refinery also absorbed N16bn loss by refunding N65/litre to marketers for Nigerians to benefit from cheaper fuel.

“The step, effective February 27, 2025, guarantees that none of our valued business partners will experience a loss due to the price change. More importantly, it ensures that the new, lower rate takes immediate effect nationwide for the benefit of the Nigerian people,” the statement reads in part.

The refinery emphasised that the initiative extended beyond MRS Holdings, Ardova Plc (AP), and Heyden.

It urged other marketers sourcing stock from it to pass on the benefits of the new pricing to consumers at the retail level, encouraging a collective commitment to affordable, quality products.

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Dangote also condemned any exploitation of the new pricing structure.

“It is both unpatriotic and detrimental to the welfare of Nigerians for any party to purchase at a rate of N825 per litre and then sell to consumers at N945 or more per litre. This constitutes excessive profiteering, further burdening Nigerians for personal gain,” the statement reads.

“Dangote Refinery in its effort to ensure good quality and affordable fuel for Nigerians, is working with its partners to make this price accessible. Consumers who purchase fuel above the advertised rate at any of its key partners – AP (Ardova Plc), Heyden, or MRS – anywhere in Nigeria, are encouraged to report to Dangote Refinery with their receipts for a full refund of the excess amount.

The approved rates per litre are as follows: MRS: N860 in Lagos, N870 in the South-West, N880 in the North, and N890 in the South-South and South-East; Heyden and AP: N865 in Lagos, N875 in the South-West, N885 in the North, and N895 in the South-South and South-East.

With the new gantry price set at N825 per litre, Dangote Refinery expects that no Nigerian will pay more than N900 per litre for PMS, regardless of location or petrol station.

The refinery also underlined its commitment to providing high-quality, eco-friendly fuel that benefits vehicle performance and supports public health.

“Our commitment aligns with the objectives of President Bola Tinubu’s Renewed Hope Agenda, which champions self-sufficiency in critical sectors like energy. We remain dedicated to supporting Nigeria’s economic growth and ensuring every Nigerian has access to affordable, high-quality energy solutions,” the refinery said.

Dangote Refinery concluded, “This initiative is one of many ways Dangote Petroleum Refinery & Petrochemicals continues to contribute to a prosperous and sustainable future for our country. In this journey toward energy security, we stand united with the Nigerian people, always striving to provide lasting solutions and a more prosperous future for all.”

The post Dangote to refund customers who purchase PMS above advertised rates from key partners appeared first on Frontpageng.

Spokesman of the police in the state, SP Adewale Osifeso, stated that Akintola was not kidnapped by gunmen, but was arrested by the police.

He asserted that police arrested Akintola over allegations of criminal conspiracy, attempted murder, and armed robbery and unlawful possession of firearms.

Mainstream and social media reports had stated that gunmen kidnapped Akintola, popularly known as “Kuso’’ from his residence in Ibadan on Saturday.

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“Police wish to clear the air on events surrounding the alleged abduction of one Alhaji Akeem Akintola and another person, Segun (surname yet unknown) both members of the Oyo State Park Management System.

“The duo was invited by intelligence operatives from Force Headquarters, Abuja who were on lawful duty in connection with their alleged involvement in criminal offences.

“The allegations include criminal conspiracy, attempted murder, armed robbery and unlawful possession of firearms,’’ Osifeso stated.

He added that the matter was under investigation and that update would be made public.

Source: NAN

The post Oyo PMS chairman not kidnapped, but arrested -Police appeared first on Frontpageng.

NNPC disclosed in a statement by its spokesman, Dr Kennie Obateru, in Abuja on Sunday.

Ex-depot price is the price at which depot owners sell products  to marketers.

The price determines how much marketers will sell to motorists at their various fuel stations.

“Contrary to speculations of imminent increase in the price of PMS in the country, the NNPC has ruled out any increment in the ex-depot price of petrol in March.

“The corporation was not contemplating any rise in the price of petrol in March in order not to jeopardise ongoing engagements with organised labour and other stakeholders on an acceptable framework that will not expose the ordinary Nigerian to any hardship,” he said.

Most fuel stations in the Federal Capital Territory are currently not selling product while queues are seen in few that are dispenses to motorists.

Obateru also cautioned petroleum products marketers not to engage in arbitrary price increase or hoarding of petrol in order not to create artificial scarcity and unnecessary hardship for Nigerians.

He added that corporation had enough stock of petrol to keep the nation well supplied for over 40 days and urged motorists to avoid panic buying.

He further called on relevant regulatory authorities to step up monitoring of the activities of marketers with a view to sanctioning those involved in products hoarding or arbitrary increase of pump price.

Source: NAN

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Alhaji Suleiman Yakubu, the National Public Relations Officer of IPMAN, gave the advice in an interview with the News Agency of Nigeria, NAN, on Sunday in Abuja.

Yakubu fielded questions on the long fuel queues recorded at some filling stations in Abuja.

He decried the panic purchases and long queues witnessed in various filling stations across the nation’s federal capital.

Yakubu however said that crude oil price had gone up and it had affected the price products.

He assured Nigerians that normal supply of petroleum products would soon be restored since loading had commenced at various deports.

“We want to assure the buyers that government and marketers are doing everything possible to ensure that the products are available in every filling station within a few days starting from today,” said the IPMAN spokesman.

But some motorists who expressed disappointment over the development, urged filling stations that had fuel to sell.

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