Oil marketers have disclosed the price of Premium Motor Spirit (PMS), also known as petrol, from the recently reopened Port Harcourt Refinery.
According to the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), the Port Harcourt refinery will sell its petrol at N1,030 per litre.
This revelation comes after weeks of speculation about the price of petrol from the refinery. The Nigerian National Petroleum Company Limited (NNPC) had earlier announced that the refinery was working at optimal capacity, but the price of petrol from the facility was not disclosed.
Meanwhile, in a statement on Thursday night, PETROAN spokesman, Joseph Obele, said the NNPC announced to the association that a litre of premium motor spirit goes for N1,030 at the refurbished refinery. Obele added that the NNPC Retail Ltd has officially announced the PMS price at the Port Harcourt refinery, and that the product request portal was open for booking/request.
PETROAN also revealed that its strategic pricing team is currently analysing the most favourable price for its members. Obele stated, “We are open to patronising all the refineries in Nigeria.”
The association also urged NNPC Retail to reduce the price further to give Nigerians a blissful Yuletide celebration.
Speaking on claims that the refinery was not working as claimed, Obele stated, “We state emphatically that the old Port Harcourt refinery is functional and producing refined petroleum products at the moment.” He added that the refinery is currently operating at 70 per cent of its installed capacity, with plans to ramp up to 90 per cent.
