MRS Begins Sale of Petrol at N739 per Litre

MRS Oil Nigeria Plc and its partner filling stations have commenced the sale of Premium Motor Spirit (PMS), commonly known as petrol, at ₦739 per litre, marking a notable price adjustment in the downstream market. The development comes amid increased product availability linked to rising sales volumes from the Dangote Petroleum Refinery, which has continued to scale up domestic supply.

Industry observers say the price reduction reflects improved local refining capacity and reduced reliance on imported fuel, factors that are beginning to reshape pricing dynamics across the sector. While broader market responses are still unfolding, the move by MRS and its partners is being closely watched as a potential signal of intensified competition and gradual price moderation in Nigeria’s fuel retail space.