In what is an indication of an unfinished work yet at the Port Harcourt Refining Company (PHRC), the Nigerian National Petroleum Company Limited (NNPC Ltd.) has said the refinery is yet to commence bulk sales or open its purchase portal, as “essential processes are still being finalised.”
Currently, the products being sold from the refinery were sourced from the Lekki, Lagos-based Dangote Refinery, according to Mr Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd. in a statement on Friday (yesterday, November 29).
Sonoye disclosed that an official announcement would be made if and when product price reviews would occur.
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 has not released any new price for products purchased.
The association said 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.”. (NAN)
