Dangote Refinery-backed MRS outlets alongside several independent filling stations across Nigeria have lowered their petrol pump prices following a brief period of cost increases.
A weekend market survey in the nation’s capital revealed that MRS stations reduced retail fuel charges to ₦1,265 per litre, down from the previous ₦1,305 per litre.
The ₦40 price drop was prominently reflected across key retail locations in Abuja, including outlets along the busy Lugbe Expressway and within the Kubwa district.
Following suit, AA Rano filling stations in Abuja slashed their retail rates by ₦30, bringing their pump price down to ₦1,300 per litre.
These recent adjustments bring general retail fuel costs down to between ₦1,265 and ₦1,300 per litre, offering motorists relief after nearly two weeks of crude oil market volatility.
The price reductions coincide with Dangote Refinery’s announcement regarding fuel distribution across at least five states, including the Federal Capital Territory, at a gantry rate of ₦1,215 per litre.
Meanwhile, international crude benchmarks Brent and West Texas Intermediate were recorded trading at approximately $84 and $87 per barrel over the weekend.
Furthermore, major depot operators including Pinnacle, Emedab, NIPCO, and Sigmund have been dispensing petrol at wholesale prices ranging from ₦1,217 to ₦1,222 per litre.
