The Nigerian national Petroleum company limited has explained it has not started selling larger quantities of its products from Port Harcourt refinery.
This clarification followed the questions Nigerians asked if the new refinery would affect the fuel prices The National Headquarters of Petroleum Products Retail Outlet Owners Association of Nigeria, PETROAN Abuja has stated that there is no new price for PMS that was released by the NNPC Port Harcourt refinery.
According to the press release, it states; “We are excited that the production and loading of refined petroleum products have commenced at the Port Harcourt Refinery and we are expecting that soon the price of PMS will be stated by NNPC to the benefit of Nigerians.”
The Chief Corporate Communication Officer of the NNPC ltd, Femi Soneye said, “We have not yet commenced bulk sales, and we have not yet opened the purchase portal as we are still finalizing the necessary processes.
“At present, the products we are selling are what we bought from the Dangote Refinery, which includes NMDPRA fees. The product from PH is currently for our retail stores. Our prices are regularly reviewed and adjusted as required.”