The Nigerian National Petroleum Company Limited (NNPC) Limited has disclosed that products from the Port Harcourt Refining Company (PHRC) are currently exclusively to its retail outlets.
TheNewsGuru.com (TNG) reports Mr Olufemi Soneye, Chief Corporate Communications Officer, NNPC Limited made the disclosure in a statement on Friday.
Mr Soneye further disclosed that the Port Harcourt refinery was yet to commence bulk sales of products or opened its purchase portal, as essential processes are still being finalised. He confirmed that an official announcements will be made if and when price reviews on the products occur.
The 60,000 barrels per day (bpd) capacity refinery began truck-out of petroleum products on Tuesday in Port Harcourt following its rehabilitation. However, some petroleum marketers and Nigerians raised operational concern about the refinery as regards to pricing.
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) also confirmed that the Refinery had not released any new price for products purchase. The association said that it bought PMS with the old pricing template while awaiting the new prices.
“Currently, the products we are selling originate from the Dangote Refinery and include applicable Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fees,” he said.
“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.
“We advise the public to disregard any misleading information regarding pricing. Official announcements will be made if and when price reviews occur,” NNPC stated.