MRS and Other Nigerian Fuel Outlets Lift Petrol Pump Prices

Filling stations in Nigeria, including Dangote Refinery-backed MRS, have pushed up their retail prices for Premium Motor Spirit, commonly called petrol. A market check on Monday morning found that stations in Abuja and surrounding areas had increased their pump prices to N1,409 per litre, up from N1,370. This indicates that MRS outlets raised their petrol price by N39 per litre over the weekend. The revised rate is now in place at MRS stations in Kubwa, Katampe, Gwarimpa and other parts of Abuja. In a similar move, Ranoil and AA Rano increased petrol prices by N10 per litre across their outlets, bringing the price to N1,410 from N1,400. The price increases occurred as the Federal Government, through Minister of Finance Taiwo Oyedele, proposed a discounted petrol price of N1,350 per litre at filling stations operated by the Nigerian National Petroleum Company Limited, NNPCL. Fuel retailers and marketers, however, have called on the Federal Government to apply the fuel price measure to other filling stations as well.