MRS Petrol station has slashed pump worth to N935 in its shops in Lagos, Nairametrics can verify.
Nevertheless, shops of the Nigeria Nationwide Petroleum Firm Restricted (NNPCL) are promoting above N1000.
Our correspondent who visited an MRS outlet in Lagos on Saturday purchased on the price of N935 per liter.
Whereas checking at a number of NNPC shops on the identical day, gas was bought for N1015.
Slash made attainable via partnership with the Dangote refinery
In keeping with a press release issued on Saturday by Dangote Refinery, the slash in petrol worth by MRS was made attainable via a partnership between each firms.
- Nairametrics reported that Dangote refinery decreased petrol worth from N970 to N899.50 at its Refinery loading plant. The administration of the refinery additionally provided credit score purchases to prospects.
- In keeping with the assertion on Saturday, Dangote refinery is promoting at MRS shops, therefore the discount in pump worth.
“To offer succour to Nigerians, Dangote not too long ago decreased the value of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and offered beneficiant credit score phrases to entrepreneurs.
“To make sure that this worth discount will get to the tip client, we’ve got signed a partnership with MRS to promote petrol from its stores nationwide at N935 per litre” he added. This worth has already commenced in Lagos, and it is going to be provided nationwide from Monday,” the assertion learn.
- The President of Dangote Industries Restricted, Aliko Dangote hailed President Bola Tinubu for making the value discount attainable via his administration’s “naira-for-crude swap deal.”
- Dangote thanked Nigerians for his or her unwavering assist and the federal government for creating an enabling setting for the home refining trade.
“The Dangote Refinery is for the good thing about Nigeria and Nigerians. We’ll subsequently proceed to work with numerous worth chain gamers to ship prime quality petrol at cheaper costs. Our purpose is for all Nigerians to have prepared entry to high-quality petroleum merchandise which are good for his or her automobiles, good for his or her well being, and good for his or her pockets.”
What you need to know
In September, the Federal Govt Council determined to permit native refineries to buy crude oil in Naira, with the corresponding sale of petroleum merchandise additionally denominated in Naira.
This coverage shift, which took impact on October 1, was aimed toward decreasing the stress on the US greenback and serving to to stabilize the Naira.
Dangote refinery has been decreasing petrol costs via direct contact with oil entrepreneurs amidst disagreements with the nationwide oil firm.
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