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BY ABU-SATAR HAMED
LAGOS, NIGERIA – MRS Oil Nigeria Plc, a leading force in the Nigerian downstream oil sector, has officially reduced the pump price of petrol to N935 per litre at all its retail service stations nationwide.
This development aligns with an announcement by Aliko Dangote, President of Dangote Industries Limited, regarding a strategic partnership between the Dangote Petroleum Refinery and MRS Oil and Gas. The partnership has enabled a reduction in the ex-depot price of petrol from N970 to N899.50 per litre, paving the way for the new retail price.
To ensure seamless implementation, MRS Oil Nigeria Plc has mandated all its outlets to enforce the new pricing structure immediately. The company has also launched a digital platform and assembled a monitoring team to guarantee compliance across its network.
MRS further encourages Nigerians to report any non-compliant retail outlets, underscoring its commitment to transparency and customer satisfaction.
The move has sparked widespread praise from Nigerians, with many commending the Dangote-MRS collaboration for making fuel prices more accessible amid economic challenges.
“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 by our correspondents 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 Expressway, could not hide her joy as her husband filled up their car.
“I am very happy today. This is a victory for Nigeria. 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”, she said.
Commercial bus driver Adio Ajibade described the price reduction as a great relief, especially during the 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.”
