MRS Oil Nigeria Plc, a major player in Nigeria’s oil industry, has announced a new petrol price of ₦935 per litre across all its service stations nationwide. This follows the partnership between Dangote Petroleum Refinery and MRS Oil to provide affordable, high-quality fuel to Nigerians.
The price change comes after Dangote Petroleum Refinery reduced its ex-depot price from ₦970 to ₦899.50 per litre. MRS has instructed all its stations to comply with the new pricing and set up a digital platform and monitoring system to ensure implementation. Nigerians are encouraged to report any station not adhering to the new price by calling 08009447853 or email NG-FMKPMGWHISTLEBLOWING@NG.KPMG.COM.
In a statement, MRS highlighted the eco-friendly quality of its products and called on other petrol station owners to join efforts to improve the nation’s fuel supply chain.
“Our goal is to ensure the availability of standard and affordable petrol across Nigeria, benefitting everyone,” the company added.
Nigerians React to Price Reduction
During visits to MRS stations in Lagos, many Nigerians expressed appreciation for the initiative. Commuters at the Alapere station on the Lagos-Ibadan Expressway praised the move.
Mrs Ibukun Phillips, a customer, shared her excitement:
“This price reduction is the best gift of the season. My family will continue to use MRS because of the high-quality, eco-friendly petrol they offer. It’s a great way to support our economy.”
Adio Ajibade, a commercial bus driver, described the new price as a relief:
“This will lower transportation costs during the festive season. Alhaji Dangote has done a wonderful thing for Nigerians.”
Expert Opinions on the Collaboration
Dr Tunde Akanni, a public affairs analyst, said the partnership between Dangote Refinery and MRS Oil is a significant step towards affordability and sustainability in Nigeria’s fuel market.
“This collaboration not only eases the financial burden on citizens but also promotes eco-friendly fuel consumption, which benefits public health and the economy in the long run,” he stated.
The move is expected to help stabilise the petroleum market while ensuring Nigerians access affordable and high-quality fuel.