Nigeria Dangote Refinery has partnered with MRS Oil and Gas to sell petrol at N935 per litre at retail outlets nationwide. This reduction follows a decrease in the ex-depot price from N970 to N899.50 per litre.

Dangote Refinery’s spokesman, Anthony Echiejina, disclosed this in a statement on Saturday.

The company said the new pricing, which had already been implemented in Lagos, would be rolled out nationwide starting Monday. It stated that the move followed an earlier reduction on November 24, when the off-depot petrol price decreased from N990 to N970 per litre.

Aliko Dangote, president of Dangote Industries Ltd., commended President Bola Tinubu for the positive impact of the naira-for-crude swap deal on the Nigerian economy.

He said the deal had contributed to reducing petroleum product prices.

“To ensure that this price reduction reaches the end consumer, we have partnered with MRS to sell petrol at N935 per litre through its retail outlets nationwide,” Mr Dangote stated.

He also urged other oil marketers, including NNPC Retail, to join the effort so that Nigerians could benefit from high-quality petrol at lower prices.

“The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will continue to collaborate with various stakeholders to deliver high-quality petrol at more affordable prices.

“Our goal is to ensure that all Nigerians have access to high-quality petroleum products that are not only good for their vehicles but also for their health and their wallets,” Mr Dangote added.

In September, the Federal Executive Council approved the sale of crude to local refineries in naira and the corresponding purchase of petroleum products in naira.

The move, which took effect on October 1, has reduced pressure on the dollar and helped stabilise the local currency.

(NAN)