BREAKING NEWS: MRS Oil Stations Begin Selling Petrol at ₦739 Per Litre!

BREAKING NEWS: MRS Oil Stations Begin Selling Petrol at ₦739 Per Litre!

Reported by Marian Opeyemi Fasesan | Sele Media Africa

In a major development that could ease the fuel cost burden for motorists, MRS Oil Nigeria Plc — one of the country’s largest downstream retailers — has started selling petrol (Premium Motor Spirit) at ₦739 per litre at selected filling stations in Lagos, marking a sharp decline from prices that often exceeded ₦800–₦900 per litre in recent weeks. [1]

What’s Happening

• The lower petrol price rollout comes after Dangote Petroleum Refinery slashed its gantry price (ex-depot cost) to ₦699 per litre from ₦828, prompting retailers to pass savings to consumers. [2]
• MRS stations in parts of Lagos have already implemented the ₦739 rate, with long queues of vehicles reported as motorists take advantage of the cheaper fuel. [3]
• However, not all outlets have adjusted yet — in neighbouring states like Ogun, some stations still sell petrol above ₦800 due to logistical and supply differences. [3]

Why It Matters

• Petrol prices have been a major economic issue for Nigerians, especially with costs rising above ₦900 per litre in some areas in late 2025.
• Lower pump prices can reduce transportation and goods costs, bringing relief at a time when household budgets are under pressure.
• The move also underscores the impact of domestic refining capacity — particularly from Dangote’s refinery — on Nigeria’s downstream market dynamics.

What to Watch

• Whether other filling station networks nationwide follow MRS in adopting the ₦739 pricing.
• Potential responses from the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) and industry groups about price enforcement.
• How this price shift affects broader petrol pricing trends ahead of the peak travel and holiday season.

Citations:

1. Punch Newspapers: punchng.com/mrs-begins-n739-litre-petrol-sales-petroan-kicks/?utm_source=chatgpt.com
2. Lagos Television: lagostelevision.com/2025/12/15/dangote-refinery-cuts-petrol-pump-price-to-%E2%82%A6739-per-litre-ahead-of-festive-season/?utm_source=chatgpt.com
3. Legit.ng – Nigeria news.: www.legit.ng/business-economy/energy/1688449-joy-releases-petrol-prices-dangote-refineries-rate-cut/?utm_source=chatgpt.com
4. EnviroNews: www.environewsnigeria.com/pump-price-drops-to-n739-in-lagos-as-dangote-promises-further-relief-for-nigerians/?utm_source=chatgpt.com
5. Channels Television: www.channelstv.com/2025/12/16/expect-further-reduction-in-petrol-prices-dangote-assures-nigerians/amp/?utm_campaign=ExpectFurtherReductionInPetrolPrices%2CDangoteAssuresNigerians&utm_medium=push&utm_source=chatgpt.com

About The Author

Marian Opeyemi Fasesan

editor

Marian Opeyemi Fasesan is a dynamic journalist and editorial leader committed to excellence in news reporting and storytelling. As the Editor-in-Chief of Sele Media Africa, she ensures daily operations run smoothly while upholding the highest editorial standards. With a strong eye for detail and deep understanding of audience engagement, Marian coordinates content across platforms, guiding teams to produce compelling, timely, and credible news. Her leadership reflects the heart of Sele Media Africa’s mission—to inform, inspire, and elevate voices across the continent.

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