MRS Oil Nigeria has announced a new petrol pump price of N839 per litre following an increase in the gantry price from the Dangote Refinery to N799 per litre.
The adjustment reflects ongoing shifts in Nigeria’s downstream petroleum market, where local refining is gradually replacing dependence on imported fuel. Industry players say changes in ex-depot prices directly influence retail pump rates.
Dangote Refinery, which recently began large-scale fuel supply to the domestic market, has become a key pricing reference point. Marketers purchasing petrol at higher gantry prices often pass costs to consumers, citing logistics, distribution, and operating expenses.
Motorists in several cities have expressed frustration over the latest increase, saying fuel costs continue to strain household and business budgets. Transport operators warn that higher petrol prices could lead to another round of fare hikes.
Energy economists note that while local refining reduces foreign exchange pressure, global crude oil prices and exchange rate fluctuations still affect production costs.
MRS says the price change is necessary to sustain supply and prevent shortages. The company emphasized that market realities now play a greater role in pricing under deregulation.
Consumer groups are urging regulators to monitor pricing practices and ensure transparency across the supply chain.
As Nigeria’s fuel market continues to adjust to post-subsidy realities, price volatility remains a major concern for citizens and businesses alike.
