Petrol drops to N739 in Lagos after Dangote’s price cut
Less than 24 hours after Aliko Dangote, President of the Dangote Group, announced a reduction in petrol prices, several MRS Oil Nigeria Plc filling stations—the primary offtaker of Dangote Petroleum Refinery—have begun selling Premium Motor Spirit (PMS) at N739 per litre in Lagos, down from N885. The move has brought immediate relief to commuters and […]
Less than 24 hours after Aliko Dangote, President of the Dangote Group, announced a reduction in petrol prices, several MRS Oil Nigeria Plc filling stations—the primary offtaker of Dangote Petroleum Refinery—have begun selling Premium Motor Spirit (PMS) at N739 per litre in Lagos, down from N885. The move has brought immediate relief to commuters and businesses.
At a press briefing in Lagos on Sunday, Dangote assured Nigerians that the pump price of PMS would decline further, confirming that petrol waould sell at no more than N740 per litre starting Tuesday in Lagos. MRS, which operates over 2,000 stations nationwide, is the first to implement the new pricing.
“From Tuesday, all MRS stations will sell PMS at prices not exceeding N740 per litre, beginning in Lagos,” Dangote said, though several stations started selling at the new price on Monday, delighting Lagos motorists.
Dangote emphasized that Nigerians would benefit most from domestic refining, as the refinery is working around the clock to ensure reductions in gantry prices are fully reflected at retail. He highlighted quality differences between locally refined fuel and imported products, noting that PMS from MRS and other refinery offtakers is straight-run fuel, unlike blended imported products.
“Nigerians have a choice: to buy better-quality fuel at a more affordable price, or buy blended PMS at a higher rate. Importers can continue to lose, as long as Nigerians benefit,” he said.
Despite challenges, including resistance from some vested interests, Dangote stated that the refinery would deploy its fleet of Compressed Natural Gas (CNG) trucks in the coming days and is prepared to acquire additional units beyond the existing 4,000 to sustain affordable nationwide distribution.
Checks across Lagos confirmed that several MRS stations applied the new price almost 24 hours ahead of schedule. At the Alapere station, motorists queued to purchase fuel, expressing gratitude for the reduction.
“This is a relief for us, especially during the festive season,” said Mr. Adejare Israel, a commuter, adding, “It is disappointing that some are still importing fuel at over N900 when we have locally refined, high-quality fuel at a more affordable rate.”
Dr. Hassan Olalekan, a university lecturer who purchased Dangote fuel at MRS Victoria Island, described the development as a major intervention, noting that the refinery had, for the second consecutive year, helped prevent festive-period fuel scarcity while driving down prices. He urged the Federal Government to review import licensing in view of expanding domestic capacity, stressing that “no country can achieve sustainable growth without strong local production.”
Infinix offers special packages for customers
By Al-Mustapha A. Mustapha
Global smartphone brand, Infinix, has unveiled flagship special packages for customers ahead of Christmas and new year’s celebrations in Abuja.
Olusegun Adebayo, Founder/CEO of Harmony TM Group NG, the company that owns Infinix’s first flagship store launched in September in West Africa at Jabi Lake Mall, Abuja, stated this at an occasion tagged “Davido Meet and Greet Event”.
He said the store, established to consolidate sales and after-sales services within a single retail location, was strategically located in the nation’s capital to strengthen the brand’s connection with its growing customer base.
“The flagship store brings sales and after-sales services into one location, allowing customers to purchase devices and access technical support under warranty,” Adebayo said.
He added that the retail model was intended to address challenges related to access to original devices and technical support.
Adebayo, who said products sold at the store were supplied directly by Infinix, noted that the outlet stocks mobile phones, and accessories covered by warranty and had introduced new devices, including the Smart 10 Plus and the Note 50 Pro.
He said a promotional refund scheme was being applied to selected purchases during the Christmas sales period.
Adebayo noted that the outlet also retails a gaming-focused device, the Infinix GT Pro 30, aimed at users with high-performance requirements, particularly young consumers.
Also speaking, Infinix Exclusive Manager, Ojetunde Damilare Victor said the company was using the year-end sales period to drive customer traffic through price incentives.
Victor, who said customers purchasing selected devices at the flagship store qualified for discounts and cashback arrangements, added that buyers were also eligible for raffle draws during the promotional period.