Despite a fresh wave of fuel price adjustments across Nigeria, MRS filling stations have maintained their pump price of N885 per litre in Abuja, attributing the decision to unsold old stock.

While several major marketers have revised their prices upwards — with pump rates now ranging between N950 and N971 — MRS has held back, stating that its outlets are still dispensing petrol purchased before the latest market shift.

A station manager with MRS, who spoke anonymously, confirmed that new pricing would only take effect once current supplies are exhausted. “We’re still selling from the previous stock,” he explained, adding that a revised pricing template would be announced soon.

This comes as the Nigerian National Petroleum Company Limited (NNPC) on Monday raised its own pump price from N890 to N955 per litre.

Marketers across the country have attributed the latest round of fuel price increases to changes in the ex-depot rates — the prices at which depots and refineries sell to retailers. The Dangote Refinery reportedly raised its gantry price to N858 per litre, while depot owners such as NIPCO, Aiteo, and Ranoil are selling between N850 and N870.

Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), confirmed that the increase in ex-depot prices is the primary reason retail stations are now adjusting their pump prices, with operational costs rising across the board.

With the cost of fuel continuing to climb and the market responding to the refinery and depot pricing decisions, consumers are bracing for further economic pressure in the coming weeks.