Dangote: MRS, Nigerian depot owners reduce fuel price

MRS filling stations, backed by Dangote Refinery, and Nigerian depot owners person reduced their Premium Motor Spirit, PMS, prices.

An MRS filling presumption manager successful Abuja, who preferred anonymity, confirmed to DAILY POST that the institution had reduced its retail terms to N1,399 per litre from N1,408 per litre.

This represents a simplification of N9 per litre successful the filling station's petrol price.

The downward accommodation successful MRS filling stations' retail terms comes aft depot owners and marketers who received petroleum products from Dangote Refinery reduced their ex-depot prices to N1,215 per litre from arsenic precocious arsenic N1,290, matching the refinery's price.

The petrol terms simplification comes amid a diminution successful crude lipid prices, with West Texas Intermediate, WTI, and Brent crude trading astatine $86 and $92 per barrel, respectively, astatine the clip of filing this report.

DAILY POST had earlier reported that further reductions successful retail petrol prices were imminent amid falling crude lipid and imported substance prices.

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