The Nigerian National Petroleum Company Limited (NNPCL) has clarified that bulk product sales have not begun at the Port Harcourt refinery despite reports of product trucking on Tuesday, November 26.
This statement came in response to numerous inquiries about the pricing framework, as Nigerians expressed curiosity about how the revamped refinery might influence prices.
Earlier this week, the NNPC received widespread praise from Nigerians for announcing the official commencement of crude oil processing at the Port Harcourt Refinery.
Shortly after, speculation arose regarding the price of petrol, with some suggesting it was higher than the price offered by the Dangote Refinery.
The National Headquarters of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) in Abuja stated that the NNPC Port Harcourt refinery has not issued a new price for PMS.
According to PETROAN, its members are currently purchasing PMS using the existing pricing template while awaiting an update on new prices.
Responding to the situation, Femi Soneye, the Chief Corporate Communication Officer of NNPC Ltd., stated that bulk sales have not yet started as the required processes have yet to be completed.
He said:
In related news, TimesNow.com.ng reported that the Dangote Petroleum Refinery has doubled down on its efforts to attract buyers for its petroleum products.
A recent advertisement by the company announced a cheaper rate than a strong competitor in the market.
The latest campaign sought to remind consumers about the quality of its products amid reports that crude oil processing has now begun at NNPC’s Port Harcourt refinery.
Source: TimesNow.com.ng
