MRS Oil Plc has slashed the price of Automotive Gas Oil popularly known as diesel to N1,050 per litre across its outlets nationwide.

This was disclosed in a flier prepared by the oil firm now trending online.

The slash in price from as high as N1,700 in some filling stations last month was said to be in response to the recent decision of Dangote Petroleum Refinery to further slash the price of the commodity.

In the flier, the management of the oil firm urged members of the public to report any of its outlets found selling the community higher than the stipulated price.

“We are now selling AGO at all MRS retail outlets in Nigeria at N1050 per litre.

“Any station not selling at this price, please report to customer service or whistleblower,” the message read.

The Dangote Petroleum Refinery had on Tuesday, announced a further reduction in the prices of diesel and aviation fuel to N940/litre and N980/litre, respectively

On April 17, Dangote refinery listened to the calls of oil marketers regarding a reduction in the price of diesel, as the refinery reduced the cost of the commodity from N1,200/litre to N1,000/litre.

On Tuesday, the multi-billion dollar facility announced a further reduction in the price of AGO but noted that the change was only applicable to dealers purchasing up to five million litres of diesel and above.

“The price change of N940 applies to customers buying five million litres and above from the refinery, while the price of N970 is for customers buying one million litres and above,” the firm stated in a statement issued by its spokesperson, Anthony Chiejina.

He explained that the new price aligned with the company’s commitment to cushion the effect of the economic hardship in Nigeria.

“I can confirm to you that Dangote Petroleum Refinery has entered a strategic partnership with MRS oil and gas stations to ensure that consumers get to buy fuel at affordable prices in all their stations, be it Lagos or Maiduguri.

“You can buy as low as one litre of diesel at N1,050 and aviation fuel at N980 at all major airports where MRS operates,” Chiejina stated.

He further noted that the partnership would be extended to other major oil marketers.

“The essence of this is to ensure that retail buyers do not buy at exorbitant prices. The Dangote Group is committed to ensuring that Nigerians have better welfare, and as such, we are happy to announce these new prices.

“We hope that it would go a long way to cushion the effect of economic challenges in the country,” the spokesperson for the refinery stated.

The management of Dangote Petroleum Refinery announced a reduction in the price of diesel from N1200 to N1,000/litre less than two weeks ago.

Tuesday’s price slash marked the third major reduction in diesel prices in less than three weeks. The product sold for N1,700/litre about a month ago but was reduced to N1,200/litre by Dangote Refinery.

The facility also carried out a further reduction in the cost of AGO to N1,000/litre before the latest slash to N940/litre. It puts aviation fuel from the plant at N980/litre.

President Bola Tinubu had also commended the refinery for the initial price reduction, describing it as an enterprising feat.

Ola Olukayode, Chairman of the Economic and Financial Crimes Commission (EFCC) disclosed that the agency has recovered N120billion and secured 1, 300 convictions in six months.

He also said the EFCC, in its bid to ensure the safety and stability of the foreign exchange market, has uncovered a new fraudulent scheme called P to P(Peer to Peer trading scheme.

The platform, according to him, is operating outside the official banking and financial corridors.

He said over 300 accounts linked to illicit foreign exchange have already frozen by the EFCC.

He reaffirmed the commitment of the commission to the economic growth and development of the country.

Olukoyede, who made the disclosures during a session with media executives in Abuja, said there is no going back in the commission’s plans to use anti-graft war to stimulate the economy.

He said: “Finally, we will continue our work towards the stimulation of the economy. I promise you that.

” Do you know the Binance case we are working on that has helped us to bring down this market? Suddenly we discovered that there are even people within the system that are doing worse than Binance.

” If you noticed, two days ago, the dollar started appreciating again. There was stability for like 24 hours, then the naira got devalued. It was due to the activities of some of these guys

” Just yesterday, they asked us to close over 300 accounts in illicit forex trading.

In one of these accounts, we noticed that the guy has cleared over N15 billion in the last one year. Nobody knew in the financial corridors.

” Over 300 accounts in illicit forex trading that would have led to another crash in the next one week if we didn’t move yesterday. Some people just want to see this country go from bad to worse. We must find a way to work together.”

” Suddenly, we discovered that there are people in the system who are even doing worse than Binance. They called them P2P (Peer to Peer) and all of that. We noticed in the last two days ago that dollars have started appreciating. There was stability for 24 hours, then the naira was devalued again by N20 and N25. I don’t know whether you noticed that.

“It was due to the activities of some of these guys on P2P platforms like coolcoin. Some of you must have seen them on social media. To shock you; just yesterday (Monday), I asked them to freeze over 300 accounts.

He told the media executives that the commission has recovered more than N120billion from fraudsters within six months and secured more than 1300 convictions.

He called on Nigerians to be more dedicated to the nation.

He insisted that patriotic Nigerians should offer more support to the EFCC because the commission is crucial to the growth and development of Nigeria.

Siminalayi Fubara, the Rivers State governor, has implemented a cabinet reshuffle in the state. Affected by the reshuffle are the Attorney General and Commissioner for Justice, Zacchaeus Adangor; and the Commissioner for Finance, Isaac Kamalu.

A statement on Tuesday signed by the Secretary to the Rivers State Government, Tammy Danagogo, announced that Fubara has redeployed Adangor to the Ministry of Special Duties (Governor’s Office) while Kamalu was transferred to the Ministry of Employment Generation and Economic Empowerment.

The statement directed both officials to hand over official documents related to their previous offices to their respective Permanent Secretaries, with the redeployments taking immediate effect. The statement emphasised that “All hand-over processes must be completed immediately.”

Both commissioners, who are loyalists of ex-governor Nyesom Wike, had previously resigned from their positions last December in the heat of the political crisis in the state and the rift between Fubara and his predecessor who is now the Minister of the Federal Capital Territory (FCT). However, they were reinstated as part of peace agreement initiated by President Bola Tinubu.

The Rivers State Government did not provide a reason for their redeployment.