Oil marketers in Nigeria have set conditions for purchasing products from the newly rehabilitated Port Harcourt Refinery in Rivers State. The marketers have insisted that the refinery, now managed by the Nigerian National Petroleum Company Limited (NNPCL), must sell its refined petroleum products at prices lower than those of the Dangote Petroleum Refinery.
In response to reports on Wednesday claiming that its petrol price was around N1,045 per litre, NNPCL clarified that the refinery had not yet set or released its prices. Currently, products from the refinery are only available at NNPCL-owned stations. NNPCL’s spokesperson, Olufemi Soneye, explained that the company is still reviewing its pricing and has not yet begun bulk sales, as its purchasing portal remains closed.
In other developments, it was revealed that oil marketers imported 105.67 million litres of petrol into Nigeria over the past five days. These marketers confirmed the NNPC’s petrol price of N1,045 per litre and warned that they might be forced to continue importing petrol to meet local demand.
