Fuel Prices Drop Again as Dangote-Backed MRS, Other Filling Stations Make Fresh Cuts
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Dangote Refinery-backed MRS filling stations and other filling stations across Nigeria have reduced their petrol pump prices.
A market survey by DAILY POST on Saturday showed that MRS filling stations in Abuja have reduced their petrol pump price to N1,265 per litre from N1,305 per litre.
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This is the case at MRS filling stations in Kubwa and along the Lugbe Expressway in Abuja.
This means that MRS filling stations have reduced their petrol pump price by N40 per litre.
Similarly, AA Rano filling stations in Abuja reduced their petrol pump price by N30, bringing it down to N1,300 per litre.
The latest price adjustments have brought petrol retail prices to N1,265 and N1,300 per litre, down from N1,305 and N1,330 per litre, respectively. This comes after nearly two weeks of fuel price hikes amid crude oil price volatility.
The development comes as Dangote Refinery recently announced the free distribution of its petrol across at least five states, including the Federal Capital Territory (FCT), at a gantry price of N1,215 per litre, as Brent and West Texas Intermediate (WTI) crude traded at about $84 and $87 per barrel, respectively, over the weekend.
DAILY POST reports that depot owners are dispensing petrol at between N1,217 and N1,222 per litre at Pinnacle, Emedab, NIPCO and Sigmund depots.
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