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MRS and other Nigerian stations lift petrol price to N1,409 per litre

Published on by Sentinel Digest Editorial

MRS and other Nigerian stations lift petrol price to N1,409 per litre
MRS and other Nigerian stations lift petrol price to N1,409 per litre

MRS stations backed by Dangote Refinery and other local fuel retailers raised the price of Premium Motor Spirit in Abuja to N1,409 per litre, up from N1,370, while Ranoil and AA Rano increased theirs to N1,410. The hikes come as the government proposes a discount to N1,350 at NNPCL outlets.

MRS stations, which are supported by [Dangote Refinery](https://en.wikipedia.org/wiki/Dangote_Refinery), and several other Nigerian fuel outlets raised the retail price of Premium Motor Spirit (PMS) in Abuja and surrounding areas to N1,409 per litre on Sunday, up from the previous N1,370.

**What price increase did MRS stations implement?**

The adjustment represents a rise of N39 per litre for MRS pumps in locations such as Kubwa, Katampe, Gwarimpa and other parts of the capital.

**How did other retailers respond?**

Ranoil and AA Rano also lifted their pump prices by N10 per litre, setting the new rate at N1,410 per litre across their networks.

**What is the government’s stance on fuel pricing?**

The Federal Government, through the [Minister of Finance, Taiwo Oyedele](https://fmic.gov.ng), has suggested a discount that would bring the price at [Nigerian National Petroleum Company Limited (NNPCL)](https://nnpcgroup.com) stations down to N1,350 per litre.

Fuel marketers have appealed for the proposed discount to be extended beyond NNPCL outlets, arguing that a broader application would benefit consumers.

**What were recent crude price trends?**

According to market data cited by DAILY POST, Brent crude traded at $104 per barrel and West Texas Intermediate (WTI) at $91 per barrel during the same period.

The price hike follows a brief downward trend in petrol prices observed the week before, indicating a reversal in the market’s recent movement.

Topics: #Abuja #MRS #NNPCL #Nigeria fuel #Petrol price

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