Dangote Effect! MRS Oil Cuts Petrol Prices Drastically — Check New Rates 

Dangote Effect! MRS Oil Cuts Petrol Prices Drastically — Check New Rates 

MRS Oil has officially reduced the price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦970 to ₦925 per litre in Lagos State.

According to Naija News, this price cut follows Dangote Refinery’s recent decision to lower its ex-depot petrol price from ₦950 to ₦890 per litre on February 1.…….READ MORE 

New MRS Petrol Prices by Region:

• Lagos State: ₦925 per litre
• South West: ₦935 per litre
• Northern Nigeria: ₦945 per litre
• Eastern Nigeria: ₦955 per litre

MRS announced the changes via their official X (formerly Twitter) handle, stating:

“MRS Petrol is now available at new regional prices! While prices vary, our commitment to providing high-quality fuel remains unchanged. If you spot a station charging above these rates, reach out via call or email.”

MRS Oil is one of the approved partners authorized to distribute petroleum products from Dangote Refinery.

On February 1, Dangote Refinery announced an ex-depot petrol price cut from ₦950 to ₦890 per litre.

Dangote’s spokesperson, Anthony Chiejina, explained:

“This reduction aligns with global trends in energy markets and the recent decline in international crude oil prices. We believe this price cut will lead to lower petrol costs nationwide, driving down the cost of goods, services, and living expenses across various sectors.”

The refinery urged marketers to reflect these price reductions in their sales to consumers. It was also noted that the ₦890/litre ex-depot rate applies to marketers purchasing a minimum of 2 million litres and above.