MRS Oil Nigeria Leads Fuel Price Relief with Petrol at ₦739/Litre — Boosting Consumer Relief and Market Stability
Lagos & Abuja, Nigeria — MRS Oil Nigeria Plc, a key player in Nigeria’s downstream petroleum sector, has taken a frontline role in delivering consumer fuel price relief following strategic pricing adjustments tied to local refining and market cooperation — a development that is easing cost‑of‑living pressures for Nigerians and reshaping dynamics in the downstream oil market.
Gas Price Rollout at ₦739 Per Litre Across MRS Stations
In December 2025, several MRS Oil Nigeria filling stations began selling Premium Motor Spirit (PMS) at ₦739 per litre, thanks to a coordinated initiative by Dangote Petroleum Refinery & Petrochemicals to lower the gantry price of petrol — which MRS and other marketers passed on to motorists across the country.
With this price adjustment reflected at more than 2,000 MRS retail outlets nationwide, long queues formed as motorists responded to the more affordable rates. The step is part of efforts to make fuel more affordable for households, transport operators, and small businesses alike.
While compliance has varied across stations, the overall shift highlights MRS’s influence in advancing downstream pricing reforms in the interest of Nigerian consumers.
Eco‑Economic Impact: Relief for Consumers & Market Stability
1. Reduced Cost of Transport:
The drop to ₦739 per litre — from levels often above ₦800–₦900 in late 2025 — provided direct financial relief to millions of Nigerians dependent on petrol for commuting, commerce, and transportation.
2. Competitive Market Momentum:
MRS’s price adjustment helped set competitive pressure across the market, encouraging other retailers to consider lower retail prices and boosting overall access.
3. Enhanced Downstream Confidence:
The cooperation between marketers like MRS Oil and local refinery initiatives signals improved coordination in Nigeria’s energy value chain, supporting efforts to stabilise domestic fuel availability and pricing during a period of economic adjustment.
Context: Delisting & Strategic Positioning
Although MRS Oil Nigeria Plc’s shares were delisted from the Nigerian Exchange (NGX) in 2025 — a move aimed at enhancing operational flexibility and aligning its corporate structure for future growth — the company remains a significant downstream energy supplier with a strong national retail footprint.
This strategic delisting reflects a broader evolution in how energy firms adapt to market demands, compliance requirements, and competitive imperatives while continuing to serve Nigerian economic needs.
