Fuel prices have risen significantly, with MRS filling station increasing its pump price to N930 per litre in Lagos and N960 in northern Nigeria, starting from March 28, 2025.
This price hike follows the suspension of sales in naira by the Dangote refinery, which had previously been part of the country’s naira-for-crude scheme.
According to a recent statement from MRS Oil & Gas, Lagos now has the lowest prices, while northern states experience the steepest increases.
“In Lagos, petrol will now sell for N930 per litre, while the South-West and Kwara will pay N940 per litre,” the company noted.
The price increase reflects a broader trend across the nation. For example, in Magboro, Ogun State, NIPCO has already adjusted its prices to N930 per litre. Some other filling stations are following suit.
The price adjustment is linked to the suspension of the naira-for-crude initiative by Dangote Refinery, which has led to higher import costs.
Industry experts predict further price volatility. “The increase in petrol prices may lead to higher transport costs and rising prices of goods and services,” said an industry expert.
Fuel marketers are also struggling with high foreign exchange rates and rising distribution expenses, which continue to disrupt fuel availability in some regions.
Until the Dangote Refinery begins selling fuel in naira, Nigerians can expect to deal with higher fuel prices at the pump.
