Nigerians can heave a sigh of relief as
Dangote Refinery-backed MRS filling stations have cut down the pump rice of Premium Motor Spirit, popularly called petrol.
A survey of the downstream market by JEENews corespondent showed that MRS filling stations in the Federal Capital Territory slightly cut their petrol pump price to N1,370 per litre from N1,395 per litre.
This is a reduction of N25 per litre.
The new price has been implemented at MRS filling stations in Katampe and along the Lugbe Expressway in Abuja.
The development is coming seven days after Dangote Refinery reduced its gantry petrol price from N1,350 to N1,325 per litre
With the new downward adjustment, petrol is now selling for between N1,370 and N1,450 per litre in Abuja and its environs.
The price reduction by MRS filling stations could signal a possible downward adjustment by other filling stations, including the Nigerian National Petroleum Company Limited, NNPCL, which gets its fuel supply from Dangote Refinery.
And commuters will also hope that the transportation fares in the Abuja metropolis will go down a bit, to ease the cost of living expenses in the nation’s capital.
