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MRS pegs diesel retail price at N1050/Litre nationwide

MRS pegs diesel retail price at N1050/Litre nationwide

MRS has announced the reduction in the retail price of Automotive Gas Oil (AGO), popularly known as diesel, to N1050 per litre in its retail outlets nationwide.

The company said that the general public can report any station not selling the stated price to the customer service or whistle-blower.

“Power your business operations with dependable AGO at N1050 per litre, available across all MRS stations nationwide,” MRS said on its X (Twitter) account on Wednesday, April 24, 2024.

This is coming on the back of Dangote Petroleum Refinery diesel price cut to N940 per litre to marketers, making it the third time the company has reduced the prices of the commodity.

The refinery also reduced the prices of aviation fuel to N980 per litre. This is coming in the wake of its widely celebrated price reduction to N1,000 barely two weeks ago.

However, the refinery said that the price change of N940 applies to customers buying five million litres and above from the refinery, while the price of N970 is for customers buying one million litres and above.

Speaking on the development, the Head of Communication, Anthony Chiejina, said that the new price aligns with the company’s commitment to cushion the effect of economic hardship in Nigeria.

“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 price, 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 that the partnership would be extended to other major oil marketers. “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.