NewStats: 3,263,952 , 8,182,061 topics. Date: Monday, 09 June 2025 at 01:34 AM 1j2r4l

By Damilola Aina


As a direct fallout of the recent suspension of sales of petroleum products in naira by the Dangote refinery, MRS filling station has effected a new price regime, raising its pump price to N930 per litre in Lagos and N960 for residents living in the northern part of the country.

The new price regime, effective from March 28, 2025, represents an increase of N70 from the previous price of N860 per litre in Lagos, N870 in other South-West states, and an N80 difference from the N880 previously sold in the North.

Some other filling stations, it was gathered, have also started selling at the same rates.

For instance, NIPCO sold at N930 in Magboro, Ogun State, on Saturday.

According to the latest price list from MRS Oil & Gas, its trucks will load products from the Lagos depot and convey them directly to its retail stations nationwide at varying costs.

The document showed that Lagos had the lowest rates, with northern states getting the highest rates. The firm, however, did not state whether it bought products from the Dangote refinery.

In Lagos, petrol will sell for N930 per litre, while states in the South-West and Kwara, will pay N940 per litre.

For the South-South and South-East regions, including Edo, Abia, Akwa Ibom, Bayelsa, Rivers, Cross River, and Enugu, the price is now N960 per litre.

The North has mixed prices, as Abuja, Kaduna, Benue, Kogi, Niger, Sokoto, Kebbi, and Nasarawa will pay N950 per litre, while Zamfara, Kano, Jos, Bauchi, Taraba, Adamawa, Borno, Katsina, Jigawa, Gombe, and Yobe will pay N960 per litre.

The Free Carrier Agreement price, which determines how much marketers pay before selling fuel, also varies. Lagos has the lowest FCA price at N905 per litre, while states like Borno, Taraba, Adamawa, and Yobe have FCA prices around N888 per litre.

Recently, the Dangote refinery announced a temporary suspension in the naira-for-crude initiative following a mismatch in crude allocation paid for in naira and its actual sales.

Insiders familiar with the development said the Nigerian National Petroleum Company Limited had allocated large volumes of crude to its foreign creditors to settle the loans acquired by the firm, making it difficult to sustain the naira-for-crude deal between NNPCL and the Dangote refinery.

This allowed the free importation of products, as private depot owners hiked their prices to maximise profit.

The increase in petrol prices may lead to higher transport costs and rising prices of goods and services.

Independent marketers continue to struggle with foreign exchange rates and distribution expenses, affecting fuel availability in some areas.

Industry experts say that prices could stabilise when the Dangote Refinery starts selling fuel in naira, once it secures crude oil from NNPC. Until then, Nigerians will have to contend with higher costs at filling stations nationwide.

https://punchng.com/mrs-others-raise-petrol-prices-to-n930-in-lagos-n960-in-north/

Tinubu’s fuel price hike may hurt now, but it’s all about long-term stability.

So na Sallah gifts from the oil marketers to us be this?

Nigeria only have a sitting president when they want to grab power or when they want to oppress the masses. Anything that will benefit the masses is a taboo Tinubu and his cohorts are not interested.

helinues:
So na Sallah gifts from the oil marketers to us be this?

where una keep the trillions saved off fuel subsidy?

SoftSport:
Tinubu’s fuel price hike may hurt now, but it’s all about long-term stability.

Keep quiet

Sai jagabuLa...marketers are winning

Petrol weh dem meet for 200, this kyn Life!

Tinubulation

And the man said prices are dropping

Okay

It doesn't move me, my money is enough to cover

Dangote and his short lived price reduction!

Islie:



https://punchng.com/mrs-others-raise-petrol-prices-to-n930-in-lagos-n960-in-north/

If the fuel like make e enter N2,000, Naija will surely survive. They can keep hiking it, we will not give up and will keep surviving.

helinues:
So na Sallah gifts from the oil marketers to us be this?

No, it is APC's gift to Nigerians. Unwanted gift of hardship that they have been giving since 2015. By the time APC is done with Nigeria, Nigerians will understand that integrity, adherence to the rule of law, and competence are 1 million times more important than your tribe or religion.

Anticipated

You will now see transporters trying to increase their fee to reflect the new price, but they never decrease when fuel was 850

Tinubu is a failure

Banzar regime

SoftSport:
Tinubu’s fuel price hike may hurt now, but it’s all about long-term stability.

I wanna belive you just want to cap with this your comment right,

No vex me, it too early.

Dreal1247:
Nigeria only have a sitting president when they want to grab power or when they want to oppress the masses. Anything that will benefit the masses is a taboo Tinubu and his cohorts are not interested.

So you want the government to bring back subsides and by extension worsen our debt birden and ruin our refining sector?

Okay.

I bought at 930 2 days ago at MRS Lagos. I thought it was the new normal because people claim their fuel burns low but even if it burns low, the difference of about 100 naira on a 50k fuel would make up the difference even if nnpc burns fast at 865.

This are the results of voting an incompetent, dull and old man into power..it's a pity

Lol we’re just getting started!!!

Renewed hope to renewed shege

tobenuel:
where una keep the trillions saved off fuel subsidy?

So you people believed that thing.

Nigeria needs to do more to be richer.

Manufactured goods and services

Poverty Empowerment Government

Tinubu 2027

Islie:



https://punchng.com/mrs-others-raise-petrol-prices-to-n930-in-lagos-n960-in-north/

This is no big deal. Na only Obidients go dey cry on top small matter since their god is wearing sandals now

Those of us who are already standing on the mandate, na to just add trekking to the mandate be the next thing.

Na simple add-on. Only headless mob will not understand

why cant we just sell our own crude oil in our own currency! nobody is saying gimme subsidy.

There is no transparency in this oil business, honestly, NNPC seems to be hiding a lot of secrets.

I don't know why we cant buy fuel at #400/ liter after more than a year subsidy was removed. Import is there personal profit.

It had shown clearly they don't want our refinery to work.

As expected

ufotunang:
This are the results of voting an incompetent, dull and old man into power..it's a pity

Yeah the man is incompetent, but when subsides are pushing debt servicing to eat over 90% of revenue by August 2022, even if our president was of a IQ of 21 , he too would have removed subsidy.

Tinubu is a bad president, but removing fuel subsides was not one of his bad decisions.

He is also.a hypocrite. In 2012 he should have kept quiet