The Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria have projected a marginal reduction in the pump price of Premium Motor Spirit, popularly called petrol, produced from the Port Harcourt Refining Company once the plant begins operations next month.

IPMAN and MEMAN also declared their readiness to load products from the facility, as they urged the Nigerian National Petroleum Company Limited to fulfill its promise of pumping put refined products from the plant in two weeks time.

On Friday, The PUNCH reported that the Group Managing Director, NNPCL, Mele Kyari, announced that the Port Harcourt refinery would commence operations in about two weeks time.

Kyari, who appeared before the Senate Ad-hoc Committee investigating the various Turn Around Maintenance projects of refineries, revealed that mechanical works had been completed on the Port Harcourt, Warri, and Kaduna refineries, stressing that the Kaduna refinery would commence operations in December.

“We did a mechanical completion of the (Port Harcourt) refinery, that was what we said in December. We now have crude oil already stocked in the refinery. We are doing regulatory compliance tests that must happen in every refinery before you start it, and I assure you that this Port Harcourt refinery will start in the next two weeks.

“Completing the mechanical work means that you are done with the rehabilitation work, now you have to test to see how it works. Of course, we have also completed the mechanical work on the Warri refinery.

“It is also undergoing regulatory compliance; processes that we are doing with our regulator, and this will soon be completed and it will be ready. The Kaduna refinery will be ready by December. We have not reached that stage in Kaduna, but we promise Kaduna will be delivered by December,” Kyari had explained.

Reacting to this on Monday, the National President, IPMAN, Abubakar Maigandi, told our correspondent that marketers had been informed of the development and were ready to start lifting products.

He also stated that once products start coming out from the plant, the cost of petrol would reduce, but stressed that this would be a marginal reduction.

“As independent petroleum marketers, immediately we received the information, we told all our members to start preparing for loading, especially those in the South-South region of the country, because it is closer to them.

“So at any time they (NNPCL) say we should come and start loading, we are ready. We are just waiting for them to start,” the IPMAN president stated.

He added, “Price reduction is obvious when they start releasing products, and there will be availability because it would serve as support to the imported products. So we are expecting a change in price, for no matter how small the reduction is, it is still a reduction.

“Also, the commencement of operations there will create more employment for Nigerians. So it is a welcome development and IPMAN is happy about this, especially if products start coming out from the plant in the next two weeks as promised by NNPCL.”

On his part, the Executive Secretary, MEMAN, Clement Isong, stated that major oil marketers had been buying products from the trading arm of NNPCL, adding that this arm of the national oil firm would be in charge of the products to come out from the Port Harcourt refinery.

He noted that though the facility would not be able to provide all the volumes of petrol required by the consumers, MEMAN would definitely load from the plant by buying refined products through the trading arm of NNPCL.

“Sure, we have been buying from the trading arm of NNPCL and we will continue once products from the refinery are being released. On price reduction, this is going to be marginal, because the product is being produced in Nigeria,” he stated.

Kyari had told the Senate that over 450, 000 barrels of oil had been stocked into the Port Harcourt refinery, which means the plant is ready to deliver refined crude to the market.

“All crude lines are active and have actually delivered over 450,000 barrels into Port Harcourt refinery.

“We are confident of the integrity of it. Yes, there may be security issues, but also the government is responding to the situation,” the NNPCL boss had stated.

The Federal Government had announced in December 2023 that the mechanical completion of Port Harcourt refinery had been completed, stating that products from the plant would get to the market before the end of last year.

This, however, did not happen, as Nigerians anxiously await the production of refined petroleum products from refineries in Nigeria. Currently, Nigeria imports its refined petroleum products through the NNPCL

https://punchng.com/ph-refinery-marketers-eye-fuel-price-reduction-ready-to-load/?amp


Nlfpmod

For no matter how small its"...... this people wan start drama again..
Price should come down drastically not no matter how small. That comment better not b true.



Let's wait n see

This is very commendable from the FG, Nigerians are lucky to have TINUBU as president

Another lamba

Super story

garriAndsugar:
Another lamba

You weren't expecting good news from the country, don't worry you be alright last last

It's still the same here o

hakeemhakeem:


You weren't expecting good news from the country, don't worry you be alright last last

Can Tinubu bring forth any good news?

Just mention any good news the Tinubu regime has ushered in since it came on board.

Make this PH refinery no come be like Dangote refinery. Too much report about it yet not a drop of refined product. Just make it work & stop the noise.

GOD will make everything NEW..

Please can I see I picture of this PH refinery I have always heard on newspaper pages for like 8yrs ago.
?

When is this next month?
Since last year I have been hearing of next month.

.........And Dangote's Audio refinery could not batch out PMS for use by majority since July Last year

How many people uses Jet fuel......Useless Refinery

yarimo:
This is very commendable from the FG, Nigerians are lucky to have TINUBU as president

This was how Buhari fooled you for eight years

you were borrowing data to sing his praise on social media

how gullible can you be... SMH

Nice

Whalis:
When is this next month?
Since last year I have been hearing of next month.

This is a routine song for zombies to gloat over

Tinubu has nothing to show aside killing innocent ijaw villagers

Next year or next two years if ever

I Love Bola Ahmed Tinubu

We are still waiting for Daddy Dangote


https://www.youtube.com/watch?v=J2latQF4I7w

Propaganda

Under NNPCs Mele Kyari, every progress is
in the future. A future that never comes❗️❗️❗️


This is same refinery that assured us of
fuel from December 2023.

After the refinery open you will hear another story just as dangote refinery

Useless country

Just start selling and the people won't complain, this kind of news of "we will" is draining on Nigerians.

Let's go. Fuel price must come down by force

dre11:



https://punchng.com/ph-refinery-marketers-eye-fuel-price-reduction-ready-to-load/?amp


Nlfpmod

This government is always about 'will',we've never had any completed project that'll benefit masses ,that's how he'll keep promising till christ comes ,nothing to offer .

Hope not another propaganda mixed with propane

Let's wait and see

God help us

It's still audio.
Until around June wey Tinubu donnover 1 year in govt then we ll know he's doing well. Since 2015, na pain APC dey give!

Would this still be audio? The Nigerian government have developed a penchant of lying, promising and failing, making the trust the people has wane everyday.


Let's hope this is not audio as usual...

O