Dangote fuel sells at N935/litre at MRS cheaper than NNPCL

Nigerians are buying Dangote Petrol at a reduced price of N935 per litre across MRS filling stations nationwide, N105 cheaper than the price sold at the Nigerian National Petroleum Company Limited retail outlets, Media Talk Africa reports.

Checks by Media Talk Africa on Sunday revealed that MRS filling stations in the Federal Capital Territory, Abuja, have commenced dispensing petrol to motorists at N935 per litre from N1060.

This indicates a N125 price cut. This is the situation at MRS retail outlets along Kubwa Expressway, Lugbe, in Abuja.

This comes as Dangote Refinery on Saturday announced that it has commenced a partnership with MRS to sell petrol at N935 nationwide.

The Independent Petroleum Marketers Association of Nigeria also confirmed the development in a statement by its president, Abubakar Maigandi, on Sunday.

Outside Lagos State, the new N935 per litre petrol price was expected to kick off on Monday; however, as of Sunday, MRS filling stations in the nation’s capital have started selling at the price.

With the development, MRS retail fuel price templates are now cheaper than Nigerian National Petroleum Company Limited retail outlets, which stand at N1040 per litre.

This means Nigerians now buy petrol between N935 per litre and N1,100.

Recall that in the past week, both Dangote Refinery and NNPCL had reduced their ex-depot prices of PMS.

While Dangote Refinery reduced its ex-depot price to N899.50 per litre from N970, NNPCL dropped its price to N899 per litre from N1030. The development impacted retail prices of petrol.

Aliko Dangote, the president of Dangote Group, had lauded President Bola Ahmed Tinubu for his support in the implementation of crude-for-naira sales to domestic refineries, which influenced the recent petrol price reduction.