A petrol outlet backed by the Dangote Refinery group has cut the price it charges for premium motor spirit (PMS), easing pressure in the capital after a fresh round of reductions at the refinery level. A market check in Abuja on Friday found the MRS-branded filling station lowered its retail pump price to N1,241 per litre from N1,317.
What changed at the pump in Abuja
The survey showed the adjustment applied to the outlet and its surrounding retail area in Abuja. With the new rate, the station’s price cut amounts to N76 less per litre, equivalent to a 5.77% reduction.
Link to Dangote Refinery’s earlier price move
The retail cut comes just days after Dangote Refinery reduced the price it charges at its gantry. The refinery lowered its petrol gantry price by N75 per litre following a fall in crude oil prices to levels below $80 per barrel.
Other stations in the capital did not follow
Despite the decline in crude prices and Dangote Refinery’s gantry reduction, several other marketers in Abuja did not reduce their own pump prices. The report highlighted that Nigerian National Petroleum Company Limited (NNPC Ltd), Ranoil, AA Rano, Empire Energy and other filling stations in the nation’s capital failed to cut PMS prices.
- NNPC Ltd-operated outlets in Abuja did not adjust pump prices despite the crude drop.
- Ranoil did not pass through the lower upstream costs to consumers.
- AA Rano and Empire Energy also kept petrol pump prices unchanged.
- Other filling stations in the capital likewise refrained from lowering PMS prices.
Rising anger among motorists
The situation follows earlier reporting that Nigerians have expressed anger at the reluctance of multiple petroleum marketers to reduce fuel prices. The contrast between the Dangote-backed outlet’s cut and the broader failure of several competitors to follow has intensified public frustration.
