The Nigerian National Petroleum Company Limited (NNPCL) and other filling stations have adjusted their pump price for premium motor spirit (PMS), popularly known as petrol.
NNPC retail stations are selling at the cheapest N925 per litre in Lagos.
MRS Oil Nigeria Plc filling stations, following an agreement with the Dangote refinery, are now pricing fuel at N935 per litre.
TimesNow.com.ng had earlier reported that the Independent Petroleum Marketers Association of Nigeria (IPMAN) that petrol prices would drop to N935 per litre, citing the Dangote Refineryâs reduction in ex-depot prices from N970 to N899.50 per litre.
Checks by Dailytrust show that only while NNPCL and MRS sell at N925 and N935, respectively, other marketers such as Bovas and AP sell at N985, with Mobil at N1,015 and Conoil at N1,065 per litre.
MRS Oil and Gas has confirmed the implementation of the N935 price across all its retail outlets nationwide.
In a statement, the company announced it had deployed a digital platform and monitoring team to ensure compliance with the new pricing structure.
MRS also urged Nigerians to report outlets that fail to adhere to the reduced price.
The company stated::
In another statement, Dangote confirmed its partnership with MRS to make fuel cheaper.
Dangote said:
In a related development, TimesNow.com.ng reported that the Crude Oil Refinery Owners Association of Nigeria (CORAN) has called on the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to stop issuing licenses to importers.
The refiners believe that domestic production can sufficiently meet the demands of Nigerians, eliminating the need to import off-spec petroleum products into the country.
The Dangote Petroleum Refinery and the Port Harcourt Refinery are currently operational.
Source: TimesNow.com.ng
