WorldStage– MRS Oil Nigeria Plc has commenced the sale of Premium Motor Spirit (PMS) at ₦739 per litre at its filling stations in Lagos as of December 16, 2025.
This reduction follows an announcement by Aliko Dangote, President of the Dangote Group, aimed at crashing fuel prices nationwide through partnerships with major off-takers.
While officially slated for Tuesday, December 16, several MRS stations in Lagos began implementing the price of ₦739 per litre on Monday, December 15.
The retail reduction follows the Dangote Refinery’s decision to slash its ex-depot (gantry) price from ₦828 to ₦699 per litre.
Speaking on the reduction as strategic goal, Dangote stated that the ₦739 price is part of a broader move to ensure fuel does not exceed ₦740 nationwide throughout December 2025 and January 2026.
While the ₦739 rate is currently active in Lagos, other regions have seen varying adjustments, with some stations in Ogun State reportedly maintaining prices around ₦875 per litre as of late Tuesday.
Other refinery partners, including Ardova Plc and Heyden filling stations, are expected to follow the new pricing regime.
The price drop has reportedly triggered long queues at participating MRS outlets as motorists boycott stations selling above ₦800 per litre.
The PMS price reduction development comes amid increased product availability linked to rising sales volumes from the Dangote Petroleum Refinery, which has continued to scale up domestic supply.
Industry observers say the price reduction implies improved local refining capacity and reduced reliance on imported fuel, factors that are beginning to reshape pricing dynamics across the sector.
While broader market responses are still unfolding, the move by MRS and its partners is being closely watched as a potential signal of intensified competition and gradual price moderation in Nigeria’s fuel retail space.
