The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed delight over the commencement of production and loading of refined petroleum products at the Port Harcourt Refinery.
PETRON, however, noted that no new price for the petrol has been released by the Nigerian National Petroleum Company (NNPC) Limited for the refinery, as members only bought the petrol with the old pricing template awaiting new prices.
PETROAN National President, Dr. Billy Sotubo Gillis-Harry who disclosed the development in a statement on Wednesday said “the National Headquarters of Petroleum Products Retail Outlet Owners Association of Nigeria, PETROAN Abuja would Like to Inform the media and the general public that no new price for PMS has been released by the NNPC port Harcourt refinery.
“Members of PETROAN only bought PMS with the old pricing template awaiting new prices.
“We are excited that the production and loading of refined petroleum products have commenced at the Port Harcourt Refinery and we are expectant that soon the price of PMS will be stated by NNPC to the benefit of Nigerians,” he said.
Reacting to this, the Chief Corporate Communications Officer of the NNPC Limited, Mr Olufemi 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,” he said.
TheFact Daily reports that the Port Harcourt Refinery commenced production and truck-out of products two days ago, with over 200 trucks scheduled to load petrol, diesel, kerosene, and others daily.
NNPC Limited said although the refinery is currently operating at 70% of its installed capacity, plans are on to ramp up production at 90%.
