MRS, a leading distributor of petrol from the Dangote Petroleum Refinery, has introduced new pump prices for Premium Motor Spirit (PMS) across Nigeria, effective June 21, 2025. The price adjustments follow a 6.7% increase in the refinery’s ex-depot price, which rose from N825 to N880 per litre.
Under the new pricing structure, petrol will retail at N925 per litre in Lagos, N935 in the South West, N945 in the North West and Central regions, and N955 in the North East, South South, and South East. MRS urged the public to report any stations failing to comply with these prices.
Industry Response and Uncertainty
The Major Energies Marketers Association of Nigeria (MEMAN) is seeking clarity on Dangote Refinery’s strategy to supply petrol directly to filling stations nationwide. During a recent webinar, MEMAN’s Executive Secretary, Clement Isong, emphasized the need for dialogue with the refinery, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, and other stakeholders to assess the initiative’s implications.
“We are closely monitoring the market to understand this development,” Isong said. “Before commenting definitively, we need to clarify key details, such as whether there’s an equalization policy or uniform pricing across the country.” He added that premature statements could be irresponsible without a full understanding of the plan’s scope.
CNG-Powered Distribution Plan
Isong also addressed Dangote’s proposal to distribute fuel using Compressed Natural Gas (CNG)-powered trucks, describing it as an innovative approach aligned with government policy. However, he noted that Nigeria’s CNG infrastructure remains underdeveloped, requiring significant planning for effective implementation. “Companies that seize such opportunities can gain a competitive edge, provided they can make it work,” he remarked.
As the industry navigates these changes, MEMAN plans to engage stakeholders to ensure market stability and protect consumer interests. The price hike and Dangote’s direct distribution strategy are expected to reshape Nigeria’s fuel market, with further discussions likely to influence the rollout.
