NNPCL: Port Harcourt refinery yet to begin bulk sales of petrol

The Nigerian National Petroleum Company Limited (NNPCL) says the Port Harcourt Refining Company (PHRC) has not yet commenced bulk sales or opened its purchase portal for petrol in the country.

The NNPCL stated that essential processes were still being finalised, adding that an official announcement would be made if and when price reviews on the products occur.

The Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, made this known in a statement on Friday, November 29, 2024.

Soneye disclosed that NNPCL’s products currently sold originated from the Dangote refinery.

Soneye noted: “Currently, the products we are selling originate from the Dangote Refinery and include applicable Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fees.

“Products from PHRC are exclusively for our retail stores at this stage. Our pricing is reviewed and adjusted periodically as necessary to reflect operational realities.

NNPCL debunks counterclaims, says Port Harcourt refinery producing fuel

“We advise the public to disregard any misleading information regarding pricing. Official announcements will be made if and when price reviews occur.”

The 60,000 barrels per day (bpd) capacity refinery commenced truck-out of petroleum products in Port Harcourt, the Rivers State capital, following its rehabilitation on Tuesday, November 26.

Some petroleum marketers and Nigerians have raised operational concerns about the refinery as regards pricing.

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) also confirmed that the refinery had not released any new price for the purchase of fuel.

The association said that it bought petrol with the old pricing template while awaiting the new prices.

The Star