In a move that has been hailed as a significant relief for Nigerians, MRS Oil Nigeria Plc has implemented a new petrol price of N935 per litre across all its retail service stations nationwide.
This development follows an announcement by the President of Dangote Industries Limited, Aliko Dangote, that the Dangote Petroleum Refinery has partnered with MRS Oil and Gas to offer petrol at a reduced price.
The new price structure is a result of a reduction in the ex-depot price from N970 to N899.50 per litre.
MRS Oil Nigeria Plc has instructed all its outlets to implement the new price immediately, setting up a digital platform and monitoring team to ensure full compliance.
The company has also called on Nigerians to report any outlets that fail to adhere to the new price structure.
This move is seen as a significant step towards promoting transparency and accountability in the downstream oil industry.
The partnership between Dangote Petroleum Refinery and MRS Oil and Gas has been praised by Nigerians, who see it as a significant step towards improving the affordability, quality, and sustainability of petroleum products in Nigeria.
Many commuters have expressed their gratitude to Dangote Petroleum Refinery and MRS Oil and Gas, urging other marketers to support the indigenous refinery rather than import off-spec products into the country.
Ibukun Phillips, a commuter at the MRS station at Alapere on the Lagos Ibadan Expressway, described the price reduction as a great relief.
“I am very happy today. This is a victory for Nigeria,” she said. “The price reduction is the best gift of the season. But beyond just the reduction, we are buying standard, eco-friendly petrol at a lower rate.”
Commercial bus driver Adio Ajibade also praised the price reduction, saying it would reduce transportation costs and benefit Nigerians. “God will continue to bless Alhaji Aliko Dangote,” he said.
A public affairs analyst and university lecturer, Dr. Tunde Akanni, said the collaboration between Dangote Petroleum Refinery and MRS Oil represents a significant step towards improving the affordability, quality, and sustainability of petroleum products in Nigeria.
According to Dr. Akanni, “This move will not only help ease the financial burden on Nigerians but also promote a more environmentally conscious approach to fuel consumption, benefitting both the economy and public health in the long term.”
MRS Oil Nigeria Plc has emphasized the eco-friendly nature of its products, calling on all petrol station owners to join the company in improving the supply chain of petroleum products in Nigeria.
The company has also assured Nigerians of its commitment to providing high-quality products and services, while promoting sustainability and environmental responsibility.
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