Port Harcourt Refinery: NNPCL will further slash PMS price – PETROAN

The President of the Petroleum Products Retail Outlet Owners Association, PETROAN, said it is working to ensure that Nigerian National Petroleum Company Limited further reduces the price of Port Harcourt Premium Motor Spirit (Petrol) from N1030 per litre in the coming days.

The National President of PETROAN, Billy Gillis-Harry, disclosed this on Friday in his remarks at a strategic meeting in Abuja.

According to him, the role of PETROAN is to ensure that Nigerians get quality petroleum products at cheaper prices nationwide.

“One of the great things that has come out in the last few days is that PETROAN was able to make its own case to ensure that a petroleum product is received at a cheaper price.

“Today, NNPCL has reduced their price to 1,030 Naira, and we are still hoping and pushing that it will still come down low. Our energy security is very critical, and that is why PETROAN as an organisation has consistently pushed for the in-country refining capacity to be enhanced. And that is why we are at the forefront of those who are advocating for the naira for crude oil to boost domestic refining,” he stated.

This comes as Gillis-Harry assured Nigerians that the truckout petroleum products from the Port Harcourt refinery on Tuesday were freshly refined and of standard quality.

He further stressed that Port Harcourt refinery, Dangote refinery, and other emerging refineries will guarantee energy security for all Nigerians.

“And I can tell you, it’s a thing that PETROAN is working hard to make sure that we take the product from there, and ultimately, the prices coming from NNPC will be lower than what we are seeing today. You can hold us responsible to keep making that push.

“So, as far as energy security is concerned, today we have brought up 650,000 barrels per day at Dangote Refinery.

His comments come at the time the Nigerian National Petroleum Company announced the commencement of crude oil processing and truckout of petroleum products at Port Harcourt Refinery on Tuesday.

In an update on Friday, PETROAN announced that the Port Harcourt Premium Motor Spirit (Petrol) ex-depot price stood at N1030 per litre.

Meanwhile, DAILY POST reports that the revival of the Port Harcourt refinery had sparked controversy over the state-owned firm’s operations.

The development comes days after Dangote Refinery reduced its ex-depot price to N970 per litre.