Oil marketers lifting Premium Motor Spirit (PMS), popularly known as petrol, from Dangote Petroleum Refinery have reduced the price from N1,060 to N939.50 per litre.
According to Vanguard, oil major marketers, including MRS, have adjusted their pump prices on Friday.
A visit to MRS’s filling station in Ojota, Lagos, showed that the company is now selling petrol at N939.50 per litre, although the Chairman of MRS, Alhaji Sayyu Idris Dantata, declined to comment when contacted.
The development is coming on the heels of Dangote Petroleum Refinery’s fuel price reduction.
Dangote had earlier announced reduction from N970 to N899.50 per litre. This move, according to the refinery, aims to provide relief to Nigerians ahead of the holiday season.
In a statement, the Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina, said:
“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on PMS. From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM.
“Furthermore, for every litre purchased on a cash basis, consumers will have the opportunity to buy another litre on credit, backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank.”
