MRS

By Anas Abbas

Dangote Petroleum Refinery, in partnership with MRS Oil Nigeria Plc, has commenced nationwide sales of Premium Motor Spirit (PMS), popularly known as petrol, at a pump price of 739 per litre.

The initiative is aimed at easing the cost of fuel for consumers and supporting stability in Nigeria’s downstream petroleum market.

The new price is being implemented across all MRS filling stations nationwide, covering over 2,000 outlets. The companies said the rollout is designed to ensure that the benefits of locally refined petrol are directly passed on to motorists and other fuel users.

Dangote Refinery commended marketers that have already complied with the new pricing regime, describing their action as a positive contribution to national economic recovery. It also encouraged other fuel marketers to align with the N739 per litre price to ensure uniformity and fairness in the market.

The price adjustment comes at a period of increased fuel demand, driven by seasonal travel and commercial activities. To address this, the refinery assured Nigerians of steady supply, stating that it is capable of delivering up to 50 million litres of petrol daily to meet national demand.

The refinery also raised concerns about possible attempts by some operators to create artificial scarcity or frustrate the price reduction. It urged regulatory authorities to closely monitor fuel distribution and take action against any practices that could undermine the initiative.

Consumers were advised not to patronise filling stations selling petrol above the approved price when cheaper alternatives are available. Dangote Refinery disclosed that mechanisms have been put in place for the public to report any MRS outlet found violating the pricing directive.

Reiterating its commitment to Nigeria’s energy security, the refinery said its pricing decision reflects a long-term vision focused on affordability, consistent supply and reduced dependence on fuel imports, rather than short-term profit considerations.