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Nigerian National Petroleum Company Clarifies Price Template for Port Harcourt Refinery

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The Nigerian National Petroleum Company (NNPC) has stated that it has not yet released a price template for the petroleum products of the revived Port Harcourt Refinery. Petrol marketers have threatened to boycott the refinery if the prices are not lower than those from the Dangote Refinery or imported products. The NNPC spokesperson confirmed that the refinery has yet to initiate bulk sales and is currently selling products purchased from Dangote.

The Nigerian National Petroleum Company has clarified that it is yet to unveil a price template for Port Harcourt Refinery's petroleum products. This comes as petroleum marketers vowed to boycott the revived Port Harcourt refinery if the price of its petroleum products is not cheaper than that of Dangote refinery or imported ones.

Ukadike said that it is when NNPC reviews its ex-depot price template that IPMAN members will commence loading at Port Harcourt Refinery. 'With the Portharcourt refinery now working, we are anticipating that any moment from now, NNPC will give us its price. 'Once NNPC releases its price, we will start loading from NNPC. That is subject to whether it is cheaper than that of Dangote. “The last NNPC price was N1,040 and N1,045 per litre.

 

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