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Dangote Refinery-backed MRS filling stations raise petrol price to N975 per litre in Abuja, citing higher gantry costs and rising global crude oil prices.
The Dangote Refinery-backed MRS filling station has increased the pump price of Premium Motor Spirit (PMS) to N975 per litre in Abuja, up from N875 previously charged in the city and surrounding areas.
The N100 per litre increase took effect on Tuesday, following a gantry price adjustment by the Dangote Refinery on Monday.
MRS Now Costlier Than NNPCL and Other Marketers
The new price makes MRS outlets about N15 per litre more expensive than those operated by the Nigerian National Petroleum Company Limited (NNPCL) and other independent marketers such as Ranoil, AA Rano, and Sharon.
A manager at an MRS station in Abuja, who spoke on condition of anonymity, attributed the increase to the hike in gantry prices by the Dangote Refinery, which he said was linked to rising global crude oil prices amid escalating hostilities in the Middle East.
Global Oil Prices on the Rise
As of Tuesday evening, Brent crude traded at $80.75 per barrel, while West Texas Intermediate (WTI) stood at $73.78 per barrel, reflecting a steady upward trend in global oil markets.
The price surge has triggered adjustments across Nigeria’s downstream sector, with several marketers revising pump prices to reflect the new supply costs.
Industry-Wide Price Adjustments
The NNPCL and other filling stations have also reviewed their petrol prices upward following the Dangote Refinery’s gantry price increment, though most outlets remain below the MRS benchmark.
The MRS filling station, owned by Idris Dantata, half-brother to Aliko Dangote, President of Dangote Refinery, continues to operate as one of the refinery’s key distribution partners.