PETROAN Reveals How Much Port Harcourt Refinery Will Sell Petrol (See The Price)

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has disclosed that petrol from the recently refurbished Port Harcourt Refinery will sell at ₦1,030 per litre.

According to a statement released Thursday night by PETROAN spokesman Joseph Obele, the Nigerian National Petroleum Company Limited (NNPCL) officially communicated the price to the association, confirming the refinery’s operational status.

“NNPC Retail Ltd has officially announced the PMS price at the Port Harcourt refinery as ₦1,030 per litre. It was also communicated to PETROAN that the product request portal was open for booking/request.” Obele said.

Obele noted that PETROAN’s strategic pricing team is currently analyzing the most favourable pricing options for its members and expressed openness to sourcing products from all refineries in Nigeria.

“We are open to patronizing all the refineries in Nigeria,” he added.

PETROAN has called on NNPC Retail to reduce the price further to ease Nigerians’ financial burden during the festive season.

The announcement comes shortly after the Dangote Refinery reduced its petrol price by ₦20, bringing it to ₦970 per litre, down from ₦990.

Speaking on claims that the refinery was not working, Obele stated, “We state emphatically that the old Port Harcourt refinery is functional and producing refined ppetroleum products at the moment.

“On Tuesday, November 26, 2024, the top management of Nigerian National Petroleum Company Limited led by Mele Kyari took stakeholders and journalists to the plant with a view of having first-hand information and to see things themselves. The old Port Harcourt refinery is currently operating at 70 per cent of its installed capacity, with plans to ramp up to 90 per cent.“

Obele noted that this contradicts the speculations that the revamped refinery was a mere blending plant and unproductive.

“As part of PETROAN’s oversight function as key stakeholders, we have direct access to the plant on the authorisation of management and we will encourage whoever is doubting the functional status of the plant to contact NNPC management for facility tour rather than spreading misleading information.

“It is more important to state here that the functional plant in operation is the old refinery with a capacity of 60,000 barrels per day, while the new port Harcourt refinery with a capacity of 200,000 barrels per day is still under rehabilitation which is due to commence production soon as announced by the management of NNPCL. Both Refineries are within the same complex at Alesa Eleme in Rivers State,” he stated further.

Obele posited that the Senate Committee on Petroleum Resources verified further confirmation for the authenticity of production at the Port Harcourt refinery under the leadership of Sen. Kawu Sumaila in conjunction with stakeholders and host community members.

He maintained that the senate committee was on a fact-finding visit to the site on Thursday to see things themselves.

“The senate committee saw the plant functional and Petroleum trucks loading at the Port Harcourt refinery depot. It is worth noting that PETROAN national leadership led by the National President Dr Billy Hary were in attendance at the senate committee visitation at the Port Harcourt refinery to welcome the committee and express PETROAN’S willingness to commence loading at the Port Harcourt refinery,” he explained.

He added that PETROAN supports the proposed planned privatisation of the nation-owned refineries in no distance time in a credible and transparent manner, after which the plant should be handed over to a reputable private firm with the financial capability and technical knowledge.

“Most worrisome as a threat to lives and properties is the ugly condition of the Eleme East-west road. The road poses a serious threat to petroleum trucks that will be transporting flammable products from the refinery depots. PETROAN encourages the Federal Ministry of Works under which the project was awarded to RCC to facilitate the ongoing repairs of the road,” he concluded.