Dangote Refinery-backed MRS Oil Nigeria Plc filling stations are dispensing Premium Motor Spirit (PMS) at a higher price than outlets operated by Nigerian National Petroleum Company Limited and other independent marketers.
Checks in Abuja show that MRS stations increased their petrol pump price to N975 per litre, up from N875 across the Federal Capital Territory and surrounding areas. The N100 increment followed an upward review of the refinery’s gantry price earlier in the week.
At the new rate, MRS petrol is approximately N15 per litre more expensive than fuel sold at NNPCL outlets and other retail marketers, including Ranoil, AA Rano, and Sharon.
A station manager, who spoke on condition of anonymity, attributed the price adjustment to the recent hike in gantry prices by Dangote Refinery. According to the source, the refinery’s decision was driven by rising global crude oil prices linked to escalating hostilities in the Middle East.
As of Tuesday evening, Brent crude was trading at $80.75 per barrel, while West Texas Intermediate stood at $73.78 per barrel, reflecting upward pressure in the international oil market.
Other filling stations, including NNPCL outlets, have also adjusted their pump prices in response to the refinery’s gantry price revision.
MRS Oil Nigeria Plc is owned by Idris Dantata, who is the half-brother of Aliko Dangote, President of Dangote Refinery.
