Port Harcourt Refinery Yet To Commence Bulk Sales – NNPC By Shalom Oludele

Port Harcourt Refinery Yet To Commence Bulk Sales – NNPC

By Shalom Oludele

The Port Harcourt Refining Company, PHRC, is yet to commence bulk sales neither has it  opened its purchase portal, because essential processes are still being finalised.

The Nigerian National Petroleum Company (NNPC) Limited has said an official announcements will be made if and when price reviews on the products occur.

Chief corporate communications officer, NNPC Ltd., Mr Olufemi Soneye, in a statement on Friday, said currently its products being sold were originated from the Dangote Refinery.

The 60,000 barrels per day (bpd) capacity refinery began truck-out of petroleum products on Tuesday in Port Harcourt following its rehabilitation.

Some petroleum marketers and Nigerians have 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,” he added.