Nigerians Enjoy Cheaper Petrol as Dangote Refinery Partners with MRS

Nigerians are now purchasing Dangote petrol at a reduced price of N935 per litre across MRS filling stations nationwide, marking a significant N105 savings compared to the price at Nigerian National Petroleum Company Limited (NNPCL) retail outlets, according to a report by Daily Post.

Investigations conducted by DAILY POST on Sunday revealed that MRS filling stations in the Federal Capital Territory, Abuja, have already begun dispensing petrol to motorists at N935 per litre, down from the previous N1,060 per litre—a N125 reduction. This pricing adjustment was observed at MRS retail outlets along the Kubwa Expressway and in Lugbe, Abuja.

The price reduction follows an announcement by Dangote Refinery on Saturday, confirming its partnership with MRS to sell petrol nationwide at N935 per litre.

In a statement issued on Sunday, Abubakar Maigandi, President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), also confirmed the development. While the new pricing is expected to take effect outside Lagos State starting Monday, some MRS filling stations in Abuja have already implemented the change.

This development positions MRS retail prices below NNPCL retail outlets, which currently sell petrol at N1,040 per litre. Consequently, Nigerians now purchase petrol at prices ranging from N935 to N1,100 per litre.

Over the past week, both Dangote Refinery and NNPCL reduced their ex-depot prices for Premium Motor Spirit (PMS). Dangote Refinery lowered its ex-depot price from N970 per litre to N899.50 per litre, while NNPCL dropped its price from N1,030 per litre to N899 per litre, leading to reduced retail prices nationwide.

Aliko Dangote, President of Dangote Group, credited President Bola Ahmed Tinubu for supporting the implementation of crude-for-naira sales to domestic refineries, a policy that has significantly influenced the recent price reductions.

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