Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to price stability, confirming that it has not increased the prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), commonly known as diesel, despite ongoing volatility in global energy markets.

In a statement, the company said its pricing structure remains unchanged, with PMS gantry price fixed at N1,200 per litre and coastal price at N1,153 per litre. Diesel prices also remain steady at N1,750 per litre, underscoring the refinery’s decision to hold the line on pricing across its product slate.

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The development comes at a time when international crude benchmarks and foreign exchange pressures continue to shape domestic fuel pricing dynamics. Industry analysts note that fluctuations in global oil prices, logistics costs, and exchange rate instability have historically translated into periodic increases in pump prices in Nigeria.

However, market observers say the refinery’s pricing stance signals a deliberate effort to stabilise the downstream sector.

“Maintaining price levels under current conditions suggests a strategic buffering approach,” said an energy analyst at Lagos Chamber of Commerce and Industry. “It reflects both operational confidence and a desire to moderate inflationary pressures tied to fuel costs.”

Another downstream expert noted that local refining capacity is beginning to reshape market expectations. “For decades, Nigeria has been exposed to imported fuel price shocks,” the analyst said. “With large-scale domestic refining now in play, there is a growing ability to smoothen price volatility and improve supply predictability.”

The refinery reiterated that it remains focused on ensuring consistent supply and efficient distribution across Nigeria and the broader African market. This is particularly significant as the country continues its transition toward a fully deregulated petroleum market following the removal of fuel subsidies.

Experts also point out that stable fuel pricing has wider economic implications, influencing transportation costs, food prices, and overall inflation.

By sustaining steady pricing and supply, Dangote Refinery is increasingly being positioned as a critical stabilising force in Nigeria’s energy ecosystem, with the potential to reduce reliance on imports and strengthen long-term energy security.