Dangote, MRS partner to sell petrol at ₦935 per litre nationwide
The Dangote Refinery has partnered with MRS Oil and Gas to provide petrol at a reduced price of ₦935 per litre at retail outlets nationwide.
This price drop comes in response to a decrease in the ex-depot price, which has lowered from ₦970 to ₦899.50 per litre. Mr. Anthony Echiejina, Head of Media Communications for Dangote Refinery, announced the new pricing on Saturday in Lagos, revealing that the adjustments have already been implemented in Lagos and will be available across the country starting Monday.
This initiative follows a previous price reduction on November 24, when the off-depot price of petrol was reduced from ₦990 to ₦970 per litre.
READ ALSO: Dangote cuts petrol price to ₦899 per litre, impacting importers
Aliko Dangote, President of Dangote Industries Ltd., expressed appreciation for President Bola Tinubu’s effective naira-for-crude swap deal, which has positively impacted the Nigerian economy by contributing to lower petroleum product prices.
“To ensure that this price reduction reaches the end consumer, we have collaborated with MRS to sell petrol at N935 per litre through its retail outlets nationwide,” Dangote commented.
He further encouraged other oil marketers, including NNPC Retail, to participate in this initiative, aiming to provide Nigerians with access to high-quality petrol at more affordable prices.
“The Dangote Refinery is dedicated to benefiting Nigeria and its citizens. We will continue to work with various stakeholders to supply high-quality petrol at fair prices,” he added.
Dangote emphasised that their goal is to ensure all Nigerians have access to top-notch petroleum products that are both beneficial for their vehicles and economically sustainable.
The Federal Executive Council (FEC), led by President Bola Tinubu, approved the sale of crude to local refineries in naira, implementing the corresponding purchase of petroleum products in naira as of October 1.
This strategic move has alleviated pressure on the dollar and played a significant role in stabilising the local currency.
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