Nigerian Oil Marketers Slash Petrol Prices Amid Global Crude Dip
In a significant market shift, Nigerian oil marketers are reducing petrol prices, with MRS leading the cut in Lagos. This comes as depot rates soften and global crude oil prices experience a sharp decline, signaling potential relief for consumers. The domestic price adjustments reflect broader international market dynamics and supply chain efficiency.
Oil marketers have begun cutting the pump price of Premium Motor Spirit (PMS), also known as petrol, with MRS reducing its price in Lagos and environs by N20 per litre to N1,350 from N1,370. Checks by Vanguard showed that some independent oil marketers also reduced their retail p
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