The Nigerian National Petroleum Company Limited mulls fresh premium motor spirit price reduction as MRS filling station, in partnership with Dangote Refinery, announced a fuel pump price cut on Monday.
The National President of Petroleum Products Retail Outlet Owners Association, Billy Gillis-Harry, and Spokesperson for Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, made this known in a separate exclusive interview with DAILY POST.
The development follows MRS filling station’s announcement of a fuel price reduction on Monday, for the first time in 2025.
The oil firm stated on Monday in its official X account that its pump price had dropped to N925 per litre in Lagos, South West (N933), North (N945), and South-East (N955). The new per litre price drop is from around N970 previously sold by the company.
This comes weeks after Dangote Refinery, on February 1, 2025, announced an ex-depot price drop to N870 from N970 per litre.
Reacting, Gillis-Harry and Ukadike were optimistic that NNPCL will, in the coming days, announce a PMS price reduction to remain relevant in the country’s downstream sector.
