.warns against artificial scarcity
By Our Reporter
Dangote Petroleum Refinery has commenced nationwide sales of Premium Motor Spirit (PMS) at a pump price of ₦739 per litre across all MRS Oil Nigeria Plc filling stations in the country.
The refinery made this known in a statement, noting that the new pricing which is expected to be implemented in over 2,000 MRS stations across the country would ensure that the benefits of this reduction reach consumers nationwide.
The refinery commended marketers who had embraced the new pricing regime and urged others to follow suit in the interest of national economic recovery.
"We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the refinery stated.
The refinery also issued a stern warning against attempts by unscrupulous operators to create artificial scarcity in response to the price reduction, describing such as unpatriotic and unacceptable.
It called on "regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period."
"Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period," the statement said.
Besides, the refinery equally urged consumers to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives were readily available.
"We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at ₦739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above ₦739 per litre by calling 0800 123 5264.
"We also call on other petrol station operators to patronise our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market," it said.
Dangote Petroleum Refinery reaffirmed its commitment to steady supply, price moderation, and energy security, emphasizing that its operations were anchored on long-term national interest rather than short-term market pressures.
"Our objective remains clear: to ensure consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports," the refinery concluded.
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