by Niyi Jacobs
Despite recent adjustments by major players in the downstream sector, MRS filling stations have yet to reduce their pump price for premium motor spirit (PMS), BusinessNG has gathered.
As of Tuesday morning, MRS retail outlets across Abuja continued to sell petrol at ₦885 per litre. A station manager who spoke anonymously explained that the company is still dispensing old stock acquired at previous ex-depot rates.
“We are still selling old stock,” the manager told BusinessNG, adding that a new price template would be announced soon.
The development comes amid nationwide fuel price hikes. On Monday, the Nigerian National Petroleum Company Limited (NNPCL) raised its pump price from ₦890 to ₦955 per litre. Other independent marketers—including AA Rano, Shema, Empire Energy, Ranoil, and Optima—have similarly adjusted their prices to between ₦950 and ₦971 per litre.
The recent surge in prices has been attributed to higher ex-depot rates from the Dangote Refinery and other major suppliers. According to Chinedu Ukadike, spokesman for the Independent Petroleum Marketers Association of Nigeria (IPMAN), Dangote Refinery recently raised its gantry price to ₦858 per litre, while NIPCO, Aiteo, and Ranoil quoted between ₦850 and ₦870.
These increases, marketers argue, have forced retail outlets across the country to revise their pump prices upward, creating further strain for consumers already grappling with rising costs.
