Dangote Refinery Partners MRS to Distribute Petrol at ₦935/Litre Nationwide

Dangote Refinery collaborates with MRS to ensure nationwide petrol distribution at ₦935 per litre, aiming to stabilize fuel supply across Nigeria.

The Dangote Refinery announced a partnership with MRS to distribute Premium Motor Spirit, or petrol, at ₦935 per litre across its retail locations nationwide.

This development follows the Nigerian National Petroleum Company Limited’s decision to reduce prices below ₦1,000 per litre.

In a statement shared on his X account on Saturday, Aliko Dangote, President of Dangote Industries Limited, praised President Bola Tinubu for the positive impact that the naira-for-crude swap deal has had on Nigeria’s economy. This initiative has resulted in lower prices for petroleum products across the country.

To support Nigerians, Dangote has recently lowered the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its refinery loading gantry and is also offering favorable credit terms to marketers.

The statement further mentioned that a partnership has been established with MRS to offer petrol at N935 per litre from their retail outlets across the country, ensuring this price reduction reaches the end consumer.

This pricing has already started in Lagos, and it will be available nationwide starting Monday.

In the statement, Dangote urged other oil marketers, including NNPC Retail and all others, “to collaborate with us to guarantee that Nigerians benefit from high-quality petrol at reduced prices.”

He stated that the Dangote Refinery is designed to benefit Nigeria and its citizens. Hence, they will maintain collaborations with various value chain participants to provide high-quality petrol at more affordable prices.

Our goal is to ensure that all Nigerians have easy access to high-quality petroleum products that benefit their vehicles, health, and budgets.

In September, the Federal Executive Council (FEC), led by Tinubu, authorized local refineries to buy crude oil and sell petroleum products in naira.

The initiative that began on October 1 alleviated pressure on the dollar and stabilized the local currency.