MRS Holds Off Fuel Price Cut, Cites Reason

MRS Filling Stations Maintain Petrol Price at N885 Despite Market Changes

Despite ongoing discussions around potential fuel price adjustments, MRS filling stations in Nigeria have yet to lower their pump price for Premium Motor Spirit (PMS), according to findings by DAILY POST.

As of Tuesday morning, outlets operated by MRS in Abuja continued to sell petrol at N885 per litre.

Speaking anonymously, a station manager explained that the current pricing remains in place because they are still distributing petrol from existing inventory purchased at previous rates.

MRS Filling Stations Yet to Cut Petrol Prices Amid Nationwide Adjustments

Despite recent price changes across the country, MRS filling stations have maintained their Premium Motor Spirit (PMS) price at N885 per litre, according to a report by DAILY POST.

ALSO READ : Naira rebounds, gains ground on dollar

As of Tuesday morning, MRS outlets in Abuja were still dispensing fuel at the same rate. A station manager, who spoke on condition of anonymity, revealed that the price remains unchanged because they are still selling from an older stock.

“We are still selling old stock,” the manager confirmed. However, he hinted that a revised pricing template would be introduced soon.

This comes in the wake of the Nigerian National Petroleum Company Limited (NNPC) increasing its official pump price to N955 per litre on Monday, up from N890.

Following NNPC’s adjustment, several other marketers — including AA Rano, Shema, Empire Energy, Ranoil, and Optima — have also raised their pump prices, now ranging between N950 and N971 per litre.

CLICK HERE TO JOIN OUR WHATSAPP CHANNEL

Industry insiders have linked the latest price hike to increased ex-depot rates set by Dangote Refinery and other depot owners. Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), disclosed that Dangote Refinery recently raised its gantry price to N858 per litre, while other major depots like NIPCO, Ranoil, and Aiteo are pricing between N850 and N870 per litre — a shift that has directly impacted retail pump prices across the country.