MRS slashes petrol price to N935/litre nationwide, as it enforces retail agreement signed with Dangote 

By BASHIR ADEFAKA

“Petrol is now being sold at N935 at MRS Filling Stations nationwide. If you find any station not following this price, please report it. Call 08009447853 or email: NG FMKPMGWHISTLEBLOWING@NG.KPMG.COM,” the company stated in a release.

Update reaching us at The DEFENDER has it that, in implementation of the partnership agreement to sell Dangote Petroleum Refinery’s Premium Motor Spirit (PMS) to Nigerians at N935 per litre, the MRS Oil Nigeria PLC, a prominent player in the Nigerian downstream oil industry, has slashed price of the product to the new price across all its retail service stations nationwide.

This was coming after the President of Dangote Group, Alhaji Aliko Dangote, announced that the Dangote Petroleum Refinery had picked MRS retail outlets as means of getting his refinery’s petrol to Nigerians at N935 per litre, following a reduction in the ex-depot price from N970 to N899.50 per litre on Thursday December 24, 2024.

In response, MRS Oil Nigeria Plc has instructed all its outlets to implement the new price regime immediately, setting up a digital platform and monitoring team to ensure full compliance. The company has also called on Nigerians to report any outlets that fail to adhere to the new price structure.

“Petrol is now being sold at N935 at MRS Filling Stations nationwide. If you find any station not following this price, please report it. Call 08009447853 or email: NG FMKPMGWHISTLEBLOWING@NG.KPMG.COM,” the company stated in a release.

Emphasising the eco-friendly nature of its products, MRS Oil added, “We call on all petrol station owners to join MRS Oil Nigeria Plc in improving the supply chain of our beloved country, ensuring product quality and availability in every corner of Nigeria for the benefit of all Nigerians.”

Checks confirmed that the new price had been implemented at all MRS Oil and Gas retail outlets nationwide.

In Lagos, commuters were seen queuing at MRS filling stations to purchase petrol. Many expressed their gratitude to Dangote Petroleum Refinery and MRS Oil and Gas, urging other marketers to support the indigenous refinery rather than import off-spec products into the country.

Mrs. Ibukun Phillips, a commuter at the MRS station at Alapere on the Lagos Ibadan Express way, could not hide her joy as her husband filled up their car.

“I am very happy today. This is a victory for Nigeria,” she said. “The price reduction is the best gift of the season. But beyond just the reduction, we are buying standard, eco-friendly petrol at a lower rate. My husband and I have decided we will only be using MRS from now on because we are confident in the quality of the product and supporting the economy.”

Commercial bus driver Adio Ajibade, according to a media report, described the price reduction by Dangote as enforced by MRS as a great relief, especially during this festive season.

“The reduction is a great relief. It will reduce transportation costs and benefit Nigerians. God will continue to bless Alhaji Aliko Dangote,” he said.

A public affairs analyst and university lecturer, Dr. Tunde Akanni, said the collaboration between Dangote Petroleum Refinery and MRS Oil represents a significant step towards improving the affordability, quality, and sustainability of petroleum products in Nigeria.

According to Dr. Akanni, “this move will not only help ease the financial burden on Nigerians but also promote a more environmentally conscious approach to fuel consumption, benefitting both the economy and public health in the long term.”

The DEFENDER had reported earlier that the NNPC Limited had reduced pump price of petrol at its retail outlets in Abuja to N965 per litre from N1,030.

Checks at NNPCL retail outlets in the Central Area of the nation’s capital and in Nyanya suburb showed that pump prices have been adjusted to reflect the new rates.

The national oil company had two weeks ago reduced the retail price of petrol from N1,060 to N1,030 per litre as competition with Dangote Refinery’s product kicked in.

Two motorists who spoke to Vanguard at the Nyanya retail outlet expressed happiness at the development, urging the Federal Government to do more to lower the price further.

A commercial driver, Mr. Adamu Shuaibu, who plies the Nyanya – Zuba route, said: “I branched here yesterday to discover the new price. The government is trying and we want them to do more. The price should go back to N530 per litre so that the price of other things can come down too”.

On his part, Mr. Taofeek Adetunji, a private car owner, expressed delight at the latest price reduction, stating: “When President Bola Tinubu said the result of his reforms will soon begin to show, many people did not believe it but you can see it now. “We are hopeful that this will continue and prices will continue to go down. Petrol is the lifeblood of the economy and the price of other goods and services will also drop very soon. You will see it”, he said confidently.