News Update

Dangote Refinery backed MRS filling station has reduced the pump price of its premium motor spirit, PMS .

A market survey by Online Newspaper on Friday showed that the petrol retail outlet has adjusted its pump price to N1,241 down from N1,317 per litre – in Abuja and its environs.

This means that the filling station cut its petrol price by N76 per litre, or 5.77 per cent.

The development comes three days after Dangote Refinery reduced its petrol gantry price by N75 per litre after crude oil prices fell to below $80 per barrel.

Meanwhile, Nigerian National Petroleum Company Limited, Ranoil, AA Rano, Empire Energy and other filling stations in the nation’s capital have failed to cut their petrol pump prices despite the drop in crude oil prices and Dangote Refinery’s gantry fuel price slash.

VAM News earlier reported that Nigerians are angry over the failure of several petroleum marketers to drop fuel prices.