Dangote And MRS Slash Petrol Price To ₦935 Nationwide

The Dangote Refinery has joined forces with MRS Oil and Gas to offer petrol at a reduced price of ₦935 per liter at retail outlets across Nigeria.

This development stems from a recent reduction in the ex-depot price of petrol from ₦970 to ₦899.50 per liter, as disclosed by Anthony Chiejina, the spokesperson for Dangote Refinery, in Lagos on Saturday.

The new pricing, already operational in Lagos, is set to expand nationwide beginning Monday. This follows an earlier adjustment on November 24, when the ex-depot price was lowered from ₦990 to ₦970 per liter.

Aliko Dangote, President of Dangote Industries Ltd., credited the positive economic impact of the naira-for-crude swap deal initiated by President Bola Tinubu. He emphasized that the policy has played a significant role in reducing petroleum product prices.

“To ensure this price reduction benefits the average Nigerian, we have partnered with MRS to sell petrol at ₦935 per liter nationwide,” Dangote stated.

He also called on other oil marketers, including NNPC Retail, to adopt similar measures to help Nigerians access quality petrol at more affordable prices.

“The Dangote Refinery is committed to serving Nigerians. By working with various stakeholders, we aim to deliver high-quality petrol that benefits vehicles, health, and wallets alike,” he added.

The Federal Executive Council (FEC), under President Bola Tinubu, approved the sale of crude to local refineries in naira and the corresponding purchase of petroleum products in naira. This policy, effective October 1, has eased dollar demand and stabilized the local currency.