The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has highlighted a pricing disparity in petrol supplied by the Port Harcourt Refinery compared to the Dangote Refinery.
Dr. Joseph Obele, PETROAN’s Public Relations Officer, revealed during the reopening of the Port Harcourt Refinery that petrol from the Nigerian National Petroleum Company Limited (NNPCL) is priced at ₦1,045 per litre—₦75 higher than the ₦970 per litre charged by the Dangote Refinery.
Operating at a daily capacity of 60,000 barrels, the restored Port Harcourt Refinery marks a milestone in Nigeria’s push to reduce dependency on imported petroleum products. However, Obele, a former chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN) at the Port Harcourt Depot, expressed concerns over the price gap, emphasizing the challenge it poses for businesses reliant on competitive pricing to sustain profitability.
Obele commended the federal government for revitalizing the refinery, describing it as a crucial step toward bolstering local production. He noted that NNPCL’s Group Chief Executive Officer, Mele Kyari, has assured stakeholders of plans to harmonize prices, reducing the strain on marketers and consumers alike.
The reopening of the Port Harcourt Refinery is seen as a pivotal development in Nigeria’s energy sector, aiming to enhance local refining capacity and lessen reliance on imports, a move celebrated by industry players nationwide.
