Motorists across Nigeria are set to benefit from another reduction in petrol prices as MRS filling stations have announced a fresh cut in the retail cost of Premium Motor Spirit (PMS), commonly known as petrol.
The adjustment represents the company’s second price reduction within a two-week period.
The development comes shortly after the Nigerian National Petroleum Company (NNPC) Limited rolled out a nationwide review of its pump prices, a move that has heightened competition among downstream fuel marketers amid the continued decline in global crude oil prices.
MRS’s latest price revision follows NNPC’s recent reduction in petrol prices at its retail outlets nationwide. The revised prices announced by NNPC are as follows:
• Lagos: N910 per litre, down from N945
• Abuja: N935 per litre, down from N965
• Kaduna: N945 per litre
• Kano: N945 per litre
• Port Harcourt: N925 per litre
• Enugu: N945 per litre
• Maiduguri: N955 per litre
The nationwide price review has reinforced an emerging trend in Nigeria’s deregulated fuel sector, prompting independent marketers to adjust their pump prices in response to changing market conditions.
Abuja motorists pay less
Following the latest adjustment by MRS, motorists in Abuja can now buy petrol at N1,191 per litre. This is lower than the prices currently charged by many other filling stations across the Federal Capital Territory, where petrol continues to sell for between N1,210 and N1,300 per litre.
Leading marketers such as AA Rano, Ranoil, Nigerian Downstream Oil and Gas Company, Empire Energy, along with several independent filling stations, have yet to introduce similar reductions to match MRS’s new pump price.
The lower rate is expected to increase customer traffic as marketers continue to compete for a larger share of the fuel market.
Dangote Refinery price cut behind latest adjustment
Market analysts say the latest reduction is linked to Dangote Refinery’s recent decision to lower its ex-depot petrol price to N1,125 per litre.
MRS, which is among the major distributors of Dangote Refinery products, had previously reduced its pump price on June 19, 2026, after an earlier decrease in the refinery’s gantry price.
This latest review represents MRS’s second petrol price reduction in less than two weeks, highlighting the increasing impact of Dangote Refinery on pricing and competition within Nigeria’s downstream petroleum industry.
