MRS Petrol station has slashed pump price to N935 in its outlets in Lagos, according to a report by Nairametrics.
However, outlets of the Nigeria National Petroleum Company Limited (NNPCL) are selling above N1000.
A correspondent of Nairametrics who visited an MRS outlet in Lagos on Saturday reportedly bought at the rate of N935 per litre.
While checking at multiple NNPC outlets on the same day, fuel was sold for N1,015.
●》Slash made possible through partnership with the Dangote refinery
According to a statement issued on Saturday by Dangote Refinery, the slash in petrol price by MRS was made possible through a partnership between both companies.
Nairametrics reported that Dangote refinery reduced petrol price from N970 to N899.50 at its Refinery loading plant.
The management of the refinery also offered credit purchases to customers.
According to the statement on Saturday, Dangote refinery was selling at MRS outlets, hence the reduction in pump price.
“To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at itsrefineryy loading gantry and provided generous credit terms to marketers.
“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added.
This price has already commenced in Lagos, and it will be offered nationwide from Monday,” the statement read.
The President of Dangote Industries Limited, Aliko Dangote, hailed President Bola Tinubu for making the price reduction possible through his administration’s “naira-for-crude swap deal.”
Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.
“The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will, therefore, continue to work with various value chain players to deliver high-qualityy petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high-quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.”
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