MRS Oil Plc has slashed the price of Automotive Gas Oil popularly known as diesel to N1,050 per litre across its outlets nationwide.

This was disclosed in a flier prepared by the oil firm now trending online.

The slash in price from as high as N1,700 in some filling stations last month was said to be in response to the recent decision of Dangote Petroleum Refinery to further slash the price of the commodity.

In the flier, the management of the oil firm urged members of the public to report any of its outlets found selling the community higher than the stipulated price.

“We are now selling AGO at all MRS retail outlets in Nigeria at N1050 per litre.

“Any station not selling at this price, please report to customer service or whistleblower,” the message read.

Dangote crashes prices

The Dangote Petroleum Refinery had on Tuesday, announced a further reduction in the prices of diesel and aviation fuel to N940/litre and N980/litre, respectively

On April 17, The PUNCH reported that the Dangote refinery listened to the calls of oil marketers regarding a reduction in the price of diesel, as the refinery reduced the cost of the commodity from N1,200/litre to N1,000/litre.

On Tuesday, the multi-billion dollar facility announced a further reduction in the price of AGO but noted that the change was only applicable to dealers purchasing up to five million litres of diesel and above.

“The price change of N940 applies to customers buying five million litres and above from the refinery, while the price of N970 is for customers buying one million litres and above,” the firm stated in a statement issued by its spokesperson, Anthony Chiejina.

He explained that the new price aligned with the company’s commitment to cushion the effect of the economic hardship in Nigeria.

“I can confirm to you that Dangote Petroleum Refinery has entered a strategic partnership with MRS oil and gas stations to ensure that consumers get to buy fuel at affordable prices in all their stations, be it Lagos or Maiduguri.

“You can buy as low as one litre of diesel at N1,050 and aviation fuel at N980 at all major airports where MRS operates,” Chiejina stated.

He further noted that the partnership would be extended to other major oil marketers.

“The essence of this is to ensure that retail buyers do not buy at exorbitant prices. The Dangote Group is committed to ensuring that Nigerians have better welfare, and as such, we are happy to announce these new prices.

“We hope that it would go a long way to cushion the effect of economic challenges in the country,” the spokesperson for the refinery stated.

The management of Dangote Petroleum Refinery announced a reduction in the price of diesel from N1200 to N1,000/litre less than two weeks ago.

Tuesday’s price slash marked the third major reduction in diesel prices in less than three weeks. The product sold for N1,700/litre about a month ago but was reduced to N1,200/litre by Dangote Refinery.

The facility also carried out a further reduction in the cost of AGO to N1,000/litre before the latest slash to N940/litre. It puts aviation fuel from the plant at N980/litre.

President Bola Tinubu had also commended the refinery for the initial price reduction, describing it as an enterprising feat.