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- Some large marketers and MRS Oil, which sells Dangote fuel, person slashed their petrol prices
- A circular from MRS shows that the company’s petrol prices are little than those sold astatine NNPC retail outlets nationwide
- Independent marketers, who resisted caller petrol prices from Dangote Refinery, person lowered their costs to bespeak existent marketplace realities
Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.
Nigeria’s downstream assemblage has entered a caller pricing signifier arsenic large marketers, specified arsenic the Nigerian National Petroleum Company Limited (NNPC) and MRS Oil, person slashed PMS prices crossed large cities.
The accommodation shows an N840 per litre terms slash successful ex-depot prices by Dangote Refinery connected June 30, 3025, and a debased crude lipid price.
Source: Getty Images
NNPC reduces petrol prices nationwide
Legit.ng antecedently reported that NNPC has slashed its petrol prices by N35 per litre to merchantability astatine N915 successful Abuja, down from N945.
However, information from Petroleumpriceng shows that immoderate autarkic marketers merchantability petrol astatine N935 successful immoderate locations similar Lugbe and Airport Road arsenic of July 6, 2025.
MRS prices are little than NNPC’s
MRS Oil, which sells Dangote petrol, has besides adjusted its pump prices crossed its filling stations.
The institution disclosed successful a circular to dealers that it pegged pump prices astatine N885 successful Lagos, N895 successful South-West, N905 successful North-West, North-Central, and N915 successful North-East, South-East and South-South, showing logistics differentials.
Experts person said that Dangote’s Refinery’s N840 ex-depot terms slash was pivotal, aligning with market-based pricing principles nether afloat deregulation.
IPMAN and different marketers adjust
Independent marketers were initially reluctant to set to the caller prices and aged banal holding, but they are now aligning with the existent marketplace reality.
According to reports, depot prices successful Lagos bespeak Rainoil, Matrix, Pinnacle, Swift, and Wosbab merchantability astatine N40 per litre, portion Aiteo sells astatine N837, and First Royal and Menj merchantability astatine N838.
NIPCO and Satellite merchantability astatine N844, and Integrated Energy sells astatine N839 per litre.
Petrol prices crossed Nigeria
Along the Lagos-Ibadan Expressway, petrol prices ranged from N875 to N910 per litre arsenic of Sunday, July 6, 2025.
At As-Sallam, the merchandise is sold astatine N875, AP astatine N880, Rainoil astatine N910, portion SGR sells astatine N880 and N900 per litre, respectively.
Source: UGC
MRS offers incentives
Experts explicate that this pricing saltation shows lag clip successful banal turnover and the market’s terms discovery.
Reports accidental MRS explained to its customers that its PMS present has little sulphur, which aligns with planetary standards and specifications for cleaner-burning fuels, which improves motor show and reduces emissions.
However, petrol prices stay somewhat higher successful immoderate regions owed to logistics and retention facilities, an indispensable constituent of outgo build-up successful the deregulated market.
Full database of Dangote's 15 caller substance organisation partners
Legit.ng earlier reported that Dangote Refinery has said that galore lipid marketing companies joined its increasing database of substance organisation networks.
The refinery disclosed successful a connection connected Tuesday that the companies see TotalEnergies, Garima Petroleum, Sunbeth Energies, Sobax Nigeria Limited, and Virging Forest Energy.
Others are Sixxco Oil Ltd., NU Synergy, and Soroman Limited.
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Source: Legit.ng
