MRS Oil Nigeria Plc, a key distributor of Dangote Refinery’s petroleum products, has announced a significant hike in the pump price of Premium Motor Spirit (PMS), commonly known as petrol.

This is as the global oil price increased in the past week following the conflict in the Middle East between Israel and Iran.

The new pricing, which took effect on Saturday, June 21, 2025, raised the pump price in Lagos from N885 to N925 and South East N955 per litre.

The announcement was made via the company’s official X (formerly Twitter) handle. Although no specific reason was provided for the increase, MRS urged customers to consult its “updated pump prices across all MRS stations nationwide.” 

According to the revised pricing template, petrol will now retail at N955 per litre in the Southeast, N935 in Ogun, Oyo, Ondo, Osun, and Ekiti States, N955 in the Northeast, and N945 in the Northwest and North Central regions.

The adjustment followed the Dangote Petroleum Refinery’s decision to raise its ex-depot price (the price at which products are sold to marketers) from N825 to N880 per litre on Friday.