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Fuel Price Alert: MRS Sells Petrol at ₦839 Nationwide as Nigerians React

Fuel Price Alert: MRS Sells Petrol at ₦839 Nationwide as Nigerians React

Petrol prices have risen again across Nigeria following a fresh adjustment by the Dangote Petroleum Refinery, with MRS Oil Nigeria Plc confirming it will now sell Premium Motor Spirit (PMS) at ₦839 per litre nationwide.

The increase comes after the refinery raised its ex-gantry petrol price to ₦799 per litre, ending the temporary festive price reduction introduced during the Christmas and New Year period.

Official Reaction

In a statement, the Dangote Refinery explained that the price adjustment was a post-festive realignment necessary to ensure market sustainability, steady supply, and efficient distribution.

The refinery reaffirmed its commitment to uninterrupted fuel supply, noting that it continues to produce and distribute millions of litres of PMS daily to marketers across the country.

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Industry sources say the adjustment reflects prevailing market conditions, logistics costs, and the realities of operating within Nigeria’s deregulated downstream petroleum sector.

Public Reaction

The price hike has triggered mixed reactions among Nigerians, particularly motorists and commercial transport operators.

Many commuters expressed concern that the new ₦839 petrol price could lead to an increase in transport fares and worsen the cost-of-living crisis. Some commercial drivers warned that fare adjustments may become inevitable if fuel prices remain high.

However, a section of fuel marketers and energy analysts argue that price adjustments are expected in a deregulated market and say local refining by the Dangote Refinery remains a positive step toward reducing fuel scarcity and dependence on imports.

On social media, Nigerians shared frustrations over rising fuel costs, while others called on the government to accelerate investments in energy infrastructure and support measures to cushion the impact on households.

What It Means

Analysts say the latest petrol price increase could have short-term effects on inflation, logistics, and transport costs, especially as MRS stations are major retail outlets for Dangote-supplied PMS.

The development underscores ongoing shifts in Nigeria’s fuel pricing landscape as the country moves deeper into petrol deregulation and domestic refining.

Fuel Price Alert: MRS Sells Petrol at ₦839 Nationwide as Nigerians React

Trends Admin

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