๐๐๐ง๐ ๐จ๐ญ๐ ๐ง๐๐ฆ๐๐ฌ ๐๐๐๐ ๐๐ฌ ๐ง๐๐ฐ ๐ฉ๐๐ญ๐ซ๐จ๐ฅ ๐ฉ๐ฎ๐ฆ๐ฉ ๐ฉ๐ซ๐ข๐๐
MRS Oil Nigeria Plc and other partners of the Dangote Petroleum Refinery are set to begin selling petrol at N739 per litre, barring any last-minute changes.
The development comes two days after the refinery reduced its ex-depot (gantry) price of petrol from N828 to N699 per litre. Speaking during a press briefing at the Lekki refinery on Sunday, President of the Dangote Group, Alhaji Aliko Dangote, said the move was aimed at ensuring Nigerians benefit directly from lower fuel prices.
Dangote said MRS filling stations would commence sales at the new pump price from Tuesday, with other partner marketers expected to follow shortly after. He, however, expressed concern that some filling stations often retain high pump prices despite reductions at the depot level.
According to him, certain officials had allegedly met with marketers and encouraged them to keep prices high in order to frustrate the refineryโs price-cut efforts. He said the company was determined to resist any attempt to undermine the new pricing regime.
โI was told that marketers were advised to maintain high prices, but once we introduce this new price, starting with MRS stations in Lagos, prices like N970 per litre will disappear,โ Dangote said.
He added that the refinery had opened its doors to independent marketers, including members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), allowing any marketer capable of lifting up to 10 trucks to purchase petrol directly at N699 per litre.
Dangote said the group would deploy all available resources to ensure petrol prices crash nationwide, stressing that within one to ten days, supply would stabilise across the country. He noted that for December and January, petrol should not sell above N740 per litre anywhere in Nigeria.
Questioning the justification for pump prices as high as N900 per litre, Dangote said transportation from the refinery costs no more than N15 per litre. He also accused the Nigerian Midstream and Downstream Petroleum Regulatory Authority of issuing 47 import licences for over seven billion litres of petrol in the first quarter of 2026, warning that such actions could discourage local refining investments.
