Nigerians are buying Dangote Petrol at a reduced price of N935 per litre across MRS filling stations nationwide, N105 cheaper than the price sold at the Nigerian National Petroleum Company Limited, NNPCL, retail outlets.
Checks by News Direct revealed that MRS filling stations in the Federal Capital Territory, Abuja, have commenced dispensing petrol to motorists at N935 per litre from N1060.
This indicates a N125 price cut.
This comes as Dangote Refinery on Saturday announced that it has commenced a partnership with MRS to sell petrol at N935 nationwide.
The Independent Petroleum Marketers Association of Nigeria also confirmed the development in a statement by its president, Abubakar Maigandi.
With the development, MRS retail fuel price templates are now cheaper than Nigerian National Petroleum Company Limited retail outlets, which stand at N1040 per litre.
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This means Nigerians now buy petrol between N935 per litre and N1,100.
Recall that in the past week, both Dangote Refinery and NNPCL had reduced their ex-depot prices of PMS.
While Dangote Refinery reduced its ex-depot price to N899.50 per litre from N970, NNPCL dropped its price to N899 per litre from N1030. The development impacted retail prices of petrol.
