NewStats: 3,259,242 , 8,169,582 topics. Date: Saturday, 24 May 2025 at 01:08 PM 1s5e4t

Oil marketers reduce petrol price, NNPCL increases fuel price, Refiners to FG, Imported petrol to undergo strict quality tests, MEMAN estimates landing cost of petrol at N1,117 per litre, MEMAN puts petrol landing cost at N971 per litre


Oil marketers lifting Motor Spirit (PMS), popularly known as petrol, from Dangote Petroleum Refinery have reduced the price from N1,060 to N939.50 per litre.

According to Vanguard, oil major marketers, including MRS, have adjusted their pump prices to reflect the reduction as of today.

A visit to MRS’s filling station in Ojota, Lagos, showed that the company is now selling petrol at N939.50 per litre, although the Chairman of MRS, Alhaji Sayyu Idris Dantata, declined to comment when ed.

Meanwhile, Dangote Petroleum Refinery has also cut its ex-pump price from N970 to N899.50 per litre. This move, according to the refinery, aims to provide relief to Nigerians ahead of the holiday season.

In a statement, the Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina, said:
“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on PMS. From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM.

“Furthermore, for every litre purchased on a cash basis, consumers will have the opportunity to buy another litre on credit, backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank.”

This price slash is expected to ease the financial burden on consumers as they prepare for the festive period.

https://tribuneonlineng.com/oil-marketers-reduce-petrol-price-to-n939-50-per-litre/amp/?fbclid=IwY2xjawHSgwFleHRuA2FlbQIxMQABHbIHzzQbQzgWTfE_wnomV2J226xJ9EQ2xIc0IeauaLytfdnMZ1gAgl9QOA_aem_ez1iP4ZxgoLHJvZXqKQM-A

Will fg agree is the question.

hisgrace090:
Will fg agree is the question.

What concerns FG with petrol pricing?

hisgrace090:
Will fg agree is the question.

Wetin concern the FG? The market is deregulated, anybody can sell at any price

PovertyAfonja:
Wow
N900!! 😍😍

Thank you Tinubu for giving us this N900 because it is far better than the N186 you met it and the N86 GEJ sold to us.



Itesiwaju radarada!!
Spits*

SHUT UP.

IS IT YOU OR YOUR FADA THAT WILL PAY THE $10 BILLION PER ANNUM SUBSIDY FOR SUCH A LOW PRICE?

Good one.. Competition drives down fuel prices

PovertyAfonja:


How did GEJ and Buhari pay it?

They were paying more than the actual cost of subsidy using the opportunity to steal money. Fellow Nigerians too were buying and taking across the boarders to sell since it was more expensive in those neighboring countries meaning Nigeria government was subsidising fuel prices for most West African countries. Government was also paying for fuel never supplied. It was total waste of money.

PovertyAfonja:
Wow
N900!! 😍😍

Thank you Tinubu for giving us this N900 because it is far better than the N186 you met it and the N86 GEJ sold to us.



Itesiwaju radarada!!
Spits*

Stale... go and sit down if you don't understand what deregulated market is

PovertyAfonja:


Always making excuses
They were stealing yet fuel was affordable for the masses

Your foolish Saint Tinubu is not stealing but the fuel is too expensive.


Dumb zombie bot

You are obviously not educated.

Are we suppose to be happy like this? Apc na scam

hisgrace090:
Will fg agree is the question.

FG doesn't have the right. NNPCL is now a limited company.

The marketers are the ones to decide the price based on their profits...

My concern now is how much is NNPCL filling stations selling per litre.

With time,we shall get there.

it will get to below #50 very soon

PovertyAfonja:


How did GEJ and Buhari pay it?

don't mind the tribal jingoists. All of a sudden, they now realise it is extremely difficult and impossible to pay subsidy. Something Buhari paid for 8yrs.

No matter the amount of subsidy removal Buhari will do, he will never allow the price of fuel to sell for #1000 under his leadership. I watched his interviews time and time again, Buhari's major concern was never to inflict additional pain on the average Nigerian. This empathy is what this current govt lacks.

Lol... This is supposed to be a "reduction".

This level of widespread manipulation is Machiavellian.

When Bag of rice becomes 80k, they will also call it a massive reduction...!

Angelfrost:
Lol... This is supposed to be a "reduction".

This level of widespread manipulation is Machiavellian.

When Bag of rice becomes 80k, they will also call it a massive reduction...!

something this govt met at #160. A pity!

Okay. One step forward, 10 steps backwards......Welcome to 9ja

But your fada can few sect of people to be stealing the money with no single project to show

jazzman7711:


SHUT UP.

IS IT YOU OR YOUR FADA THAT WILL PAY THE $10 BILLION PER ANNUM SUBSIDY FOR SUCH A LOW PRICE?

Mandate1:
something this govt met at #160. A pity!

They claim it was being heavily subsidised...!

Now, subsidy is said to be gone, money is claimed to be saved, so prices are flying up... But, how are the masses supposed to afford these?!!

Where is the cushioning net?!!

If fuel and electricity prices are soaring high along with education costs... Shouldn't there be some form of meeting or compromise point to mitigate hardship?!!

If the buying power of the consuming masses declines, how do businesses survive?!!


Economy is not the strong suit of these people in power.

Imagine...we should applaud them or what?

Mandate1:
don't mind the tribal jingoists. All of a sudden, they now realise it is extremely difficult and impossible to pay subsidy. Something Buhari paid for 8yrs.

No matter the amount of subsidy removal Buhari will do, he will never allow the price of fuel to sell for #1000 under his leadership. I watched his interviews time and time again, Buhari's major concern was never to inflict additional pain on the average Nigerian. This empathy is what this current govt lacks.

Imagine how the evil tyrant came all the way from Abuja yo cause unbearable traffic on the major roads in major cities in Lagos, just to visit his mother and mosque. As if we have not been through more than enough.
Goes to show everyone including his zombie followers that he doesn't give a hoot about anyone's plight

Aside the MRS in lagos which other station are selling cheaper and what state

The Tinubu led government can do better.

Haha... This is meant to be a reduction. This level of widespread manipulation is quite cunning. When a bag of rice reaches 80k, they'll also refer to it as a significant reduction...!

They will coninue the price **crease after the yuletide.

The same news, different headline.
Later in the day you'll still see another caption of same news from TVC, later in the evening The Nation will come with its own.....all boils down to what Chiejina said about his company reduction in pump price.

Now to the topic.
What is the reduction here? The MSR that adjusted the price of its pump is insignificant and only applicable to Lagos alone. Petrol price in other parts of the country is still above 1000.

The ruler of this country, King Nebucadnezzer is in Lagos to share rice to his people who will never ask for good governance.

Hahahaha..... purchasing power has reduced, they are now reducing the price everyday. They have not seen anything yet