MRS Oil has lowered the price of Premium Motor Spirit (PMS), commonly known as petrol, in Lagos State from ₦970 to ₦925 per litre.
This price revision follows the recent decision by Dangote Refinery to cut its ex-depot petrol price from ₦950 to ₦890 per litre, effective February 1.
MRS Oil has updated its retail prices across different regions as follows:
Lagos State: ₦925 per litre
South West: ₦935 per litre
Northern Nigeria: ₦945 per litre
Eastern Nigeria: ₦955 per litre
The company confirmed the new pricing late Monday through its official X (formerly Twitter) account, assuring customers of its continued commitment to high-quality fuel.
“MRS Petrol is now selling at new regional prices! The prices may vary, but one thing stays the same—we give you high-quality fuel that keeps your engine running at its best.
“If you notice any station selling above the listed price, we’re just a call or email away,” the company stated.
As one of the authorized distributors of Dangote Refinery’s petroleum products, MRS Oil aligns with the refinery’s recent price adjustments.
On February 1, Dangote Refinery reduced its ex-depot petrol price to ₦890 per litre, a move attributed to favourable global energy trends and a drop in international crude oil prices.
According to the refinery’s spokesperson, Anthony Chiejina, this price reduction is expected to lower fuel costs nationwide, leading to reduced prices for goods and services and an overall decrease in the cost of living.
Dangote Refinery also urged fuel marketers to pass the benefits of the price cut to consumers. The ₦890 per litre ex-depot rate applies to bulk buyers purchasing a minimum of 2 million litres.
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