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MRS slashes diesel price to N1,050 per litre


Diesel price drops by 20.6% as Dangote Refinery floods domestic marketIN response to Dangote Refinery’s recent price slash, MRS Oil Plc, a major oil marketing company, yesterday, reduced the price of its diesel to N1,050 per litre, from N1,200 per litre, nationwide.

The Dangote Refinery had earlier  slashed further the prices of both diesel and aviation fuel to N940, and N980 per litre respectively.

However, in its flier obtained by Vanguard, MRS Oil Plc, stated: “We are now selling AGO at all MRS retail outlets in Nigeria at N1050 per litre.

“Any station not selling at this price, please report to customer service or whistleblower.

“Power your business operations with dependable AGO at N1, 050 per litre, available across all MRS stations nationwide.”

The Head of Communication, Mr Anthony Chiejina, stated: “I can confirm to you that Dangote Petroleum Refinery has entered a strategic partnership with MRS Oil and Gas stations, to ensure that consumers get to buy fuel at affordable prices, in all their stations be it Lagos or Maiduguri. You can buy as low as 1 litre of diesel at N1, 050 and aviation fuel at N980 at all major airports where MRS operates.”

He further stated: “The essence of this is to ensure that retail buyers do not buy at exorbitant prices.

“The Dangote Group is committed to ensuring that Nigerians have better welfare and as such, we are happy to announce these new prices and hope that it would go a long way to cushion the effect of economic challenges in the country.

“It would be recalled that the management of Dangote Petroleum Refinery announced a further reduction of the price of diesel from 1200 to 1,000 Naira per litre barely two weeks ago.

“This marks the third major reduction in diesel price in less than three weeks when the product sold at N1, 700 to N1,200 and also a further reduction to N1,000 and now N940 for diesel and N980 for aviation fuel per litre.

“Nigerian President Bola Tinubu had also commended Mr Dangote for the initial price reduction, describing it as an “enterprising feat.”

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