BREAKING: NNPCL Announces Official Petrol Price For Port-Harcourt Refinery

NNPCL has announced the official petrol price for the Port-Harcourt refinery.

 

NewsOnline Nigeria reports that the Nigerian National Petroleum Corporation Limited (NNPCL) has revealed that the newly rehabilitated Port Harcourt refinery will sell petrol at N1,030 per litre.

 

This was announced in a statement from the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN).

 

Earlier, PETROAN had disclosed that the petrol price at the Port-Harcourt refinery was N1,045 per litre, but they later debunked the report. NNPC also clarified that it had not officially released any pricing information at that time as the purchasing portal had not opened.

 

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However, in a statement on Thursday night, PETROAN mentioned that a portal for product booking has been opened and petrol is being sold at N1,030 per litre.

 

PETROAN spokesman, Joseph Obele said, “NNPC Retail Ltd has officially announced the PMS price at the Port Harcourt refinery as N1,030 per litre. It was also communicated to PETROAN that the product request portal was open for booking/request.”

 

Obele further clarified that despite earlier claims of the refinery being non-functional, the plant is currently running at 70% of its capacity.

 

The refinery’s full capacity, which is 60,000 barrels per day, is expected to increase to 90% soon.

 

This news comes as part of NNPC’s ongoing efforts to revive its refineries, with plans for the new refinery, which has a capacity of 200,000 barrels per day, to begin production shortly.

 

Obele emphasized that both refineries, located in the Eleme area of Rivers State, are crucial for the country’s oil production, with PETROAN expressing interest in collaborating with all active refineries in Nigeria.

 

Additionally, the Senate Committee on Petroleum Resources recently visited the refinery, confirming its functionality and witnessing petroleum trucks being loaded.