In a significant move to ease the burden on Nigerian commuters, the Dangote Petroleum Refinery has officially rolled out the nationwide sale of petrol at N739 per litre across all MRS Oil Nigeria Plc filling stations. This strategic intervention is being viewed as a major turning point in the effort to stabilize the country’s downstream petroleum sector and provide more affordable fuel options for the public.
The new price is expected to be implemented at more than 2,000 MRS outlets across the country. In a statement released on Sunday, the refinery management commended MRS and other marketers for their patriotic stance in reflecting the reduced price at the pump. They further encouraged other oil marketers to follow suit, emphasizing that such cooperation is vital for Nigeria’s broader economic recovery.
The timing of this price drop is particularly notable as the festive season has traditionally been a period of fuel scarcity and sharp price hikes. The refinery noted that its intervention has effectively disrupted this trend. With a guaranteed daily supply of 50 million litres, the initiative aims to fundamentally change supply dynamics during the holidays, ensuring that Nigerians do not have to brace for the usual year-end hardships at the filling station.
Beyond the immediate relief for households and transport operators, the company highlighted the long-term benefits of large-scale local refining. By producing fuel within the country, Nigeria can significantly reduce its dependence on volatile global markets, conserve precious foreign exchange, and help stabilize the Naira. This shift is expected to provide a much-needed boost to energy security and offer a steady supply of fuel to businesses nationwide.
However, the refinery also issued a stern warning to “unscrupulous” operators who might try to create artificial scarcity to undermine the price reduction. The statement described any attempt to manipulate supply as unpatriotic and called on regulatory agencies to remain vigilant during the festive period. Firm action, they insisted, must be taken against anyone attempting to frustrate these efforts.
In its closing advice to the public, the refinery urged consumers to avoid purchasing petrol at inflated prices when more affordable alternatives are clearly available. Nigerians were encouraged to seek out the locally refined fuel at the approved N739 rate. To ensure compliance, a dedicated helpline has been provided, and consumers are encouraged to report any MRS station selling above the regulated price.
