Toba Owojaiye reporting
Abuja, Nigeria
MRS Oil Nigeria Plc, a leading player in Nigeria’s downstream oil sector, has reduced the price of petrol to N935 per litre at all its retail service stations nationwide. This price adjustment follows a significant partnership with Dangote Petroleum Refinery, which recently announced a reduction in the ex-depot price from N970 to N899.50 per litre.
In a public statement, made available to Truth Live News, MRS Oil Nigeria Plc assured that all its outlets have been directed to immediately adopt the new pricing. The company has also launched a digital monitoring platform to ensure compliance and urged Nigerians to report any station that fails to adhere to the new price by contacting 08009447853 or emailing NG-FMKPMGWHISTLEBLOWING@NG.KPMG.COM.
MRS Oil emphasized the eco-friendly nature of its products, stating, “We call on all petrol station owners to join MRS Oil Nigeria Plc in enhancing Nigeria’s supply chain by ensuring product quality and availability nationwide.”
Checks across the country confirmed that the new price has been implemented at all MRS outlets. In Lagos, queues were observed at MRS stations, with many Nigerians expressing gratitude for the price reduction.
Mrs. Ibukun Phillips, a Lagos resident, described the development as a victory for Nigerians.
“The price reduction is the best gift of the season. Beyond the lower cost, we are buying eco-friendly petrol at a standard quality. My husband and I have decided to patronize MRS for its product quality and support for the economy,” she said.
Similarly, commercial bus driver described the reduction as a relief, particularly during the festive period.
“It will lower transportation costs and ease the financial burden on Nigerians. God bless Alhaji Aliko Dangote,” he stated.
Public affairs analysts have hailed the partnership between Dangote Refinery and MRS Oil as a milestone for the affordability and sustainability of petroleum products in Nigeria.
“This collaboration will reduce the financial strain on Nigerians and encourage a more environmentally conscious approach to fuel consumption, benefiting both the economy and public health,” Dr. Akanni said.
While some Nigerians view the price cut as a temporary festive measure, others see it as a positive outcome of increased competition between Dangote Refinery, foreign imports, and the Port Harcourt Refinery.
Regardless of the differing perspectives, many agree that this development offers much-needed relief to the populace. For now, Nigerians are enjoying the benefits of the reduced petrol price as the festive season approaches.