Dangote Petroleum Refinery Introduces Nationwide Petrol Price Reduction at MRS Stations

Dangote Petroleum Refinery has initiated a significant change in Nigeria’s fuel market by setting the petrol price at N739 per litre across all MRS Oil Nigeria Plc filling stations nationwide. This strategic pricing move is already easing the financial burden on Nigerian consumers and reshaping the downstream petroleum sector.

Revolutionizing Fuel Pricing Across Nigeria

In a recent announcement, Dangote Refinery emphasized that this price adjustment aims to directly benefit everyday Nigerians by leveraging locally refined petrol. The refinery applauded early adopters among fuel marketers who have aligned their prices with this new benchmark, highlighting their role in supporting Nigeria’s broader economic recovery amid ongoing financial challenges faced by many households.

With over 2,000 MRS stations distributed throughout urban and rural areas, this affordable pricing is accessible nationwide, ensuring that the benefits extend beyond metropolitan centers to reach all corners of the country.

Holiday Season Fuel Stability: A New Approach

Historically, Nigeria experiences fuel shortages and price hikes during festive periods, leading to long queues, increased transportation costs, and inflationary pressures on goods and services. Contrasting this trend, Dangote Refinery has proactively reduced petrol prices ahead of the holiday season.

Supported by a robust daily refining capacity of 50 million litres, the refinery is positioned to meet national demand consistently, mitigating risks of scarcity. This reliable supply is expected to curb panic buying and discourage hoarding behaviors, fostering a more stable fuel market during peak demand periods.

The Strategic Importance of Local Refining

By producing petrol domestically at scale, Dangote Refinery is playing a pivotal role in decreasing Nigeria’s reliance on imported fuel. This shift brings multiple advantages, including easing pressure on foreign currency reserves, stabilizing the Nigerian naira, and enhancing the country’s overall energy security.

For businesses, transport operators, and households alike, the combination of steady fuel availability and reduced prices translates into lower operational expenses and some financial relief amid a challenging economic environment.

Combating Artificial Fuel Scarcity

The refinery has issued a stern caution against any attempts by fuel distributors or operators to manufacture artificial shortages in response to the new pricing. Such practices are deemed detrimental and unpatriotic, especially during critical festive periods when Nigerians depend heavily on affordable fuel.

Dangote Refinery has called on regulatory bodies to maintain vigilance and enforce strict measures against any entities attempting to manipulate supply chains or undermine the pricing strategy.

Guidance for Consumers and Industry Stakeholders

Consumers are urged to avoid purchasing petrol at inflated rates when the affordable option of N739 per litre is widely available at MRS stations. The refinery encourages Nigerians to report any stations charging above the approved price by contacting the dedicated hotline at 0800 123 5264.

Additionally, Dangote Refinery appeals to other fuel marketers to stock and sell its locally refined petrol. Broad adoption of this pricing model is essential to extend the benefits to more Nigerians and foster a fairer, more stable fuel market nationwide.

Dangote Refinery’s Commitment to Nigeria’s Energy Future

Looking beyond immediate market impacts, Dangote Petroleum Refinery reaffirms its dedication to ensuring a consistent supply of high-quality petrol at affordable prices. The company’s long-term vision includes bolstering Nigeria’s energy independence, supporting economic stability, and reducing the nation’s vulnerability to global fuel price fluctuations.

With the new petrol price firmly established at N739 per litre across the country, Nigerians are optimistic that this initiative will usher in a more predictable and equitable fuel market, contributing positively to the nation’s economic resilience.