₦airaland Forum

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has said the price of Premium Motor Spirit churned out by the old Port Harcourt Refinery which resumed production on Tuesday, is ₦75 per litre higher than that sold by the Dangote Refinery.

This was revealed by the association’s Public Relations Officer, Dr. Joseph Obele, during the official reopening ceremony of the refinery, which is now operating at a capacity of 60,000 barrels per day.

Dr Obele, a former chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN) at the Port Harcourt Deport who initially applauded the federal government for revitalising the old refinery, expressed concern over the pricing disparity between petrol supplied by the Nigerian National Petroleum Company Limited (NNPCL) and the Dangote Refinery.

According to him, while Dangote Refinery sells petrol to marketers at ₦970 per litre, NNPCL’s price stands at ₦1,045, a difference of ₦75 per litre.

He said the ₦75 price differential is a steep margin for businesses, particularly for an industry where profitability hinges on competitive pricing.

He, however, described the refinery’s restoration as a significant step in reducing Nigeria’s dependence on imported petroleum products.

Obele revealed that the Group Chief Executive Officer of NNPCL, Mele Kyari, has promised to address the issue and harmonise prices to mitigate the impact on marketers and consumers.

The reopening of the Port Harcourt Refinery is expected to enhance local production capacity and reduce reliance on imports, a move welcomed by stakeholders across the sector.

However, concerns over pricing disparities underscore the need for continuous reforms to stabilise the downstream sector of the petroleum industry.

https://www.channelstv.com/2024/11/27/port-harcourt-refinerys-petrol-price-higher-than-dangotes-by-%e2%82%a675-petroan/?fbclid=IwY2xjawGzuKdleHRuA2FlbQIxMQABHfjZelafh5yYwgXWZaxOoXgFbh0XhKFVTcclcJzRHYWlPKoL9877BjxHDQ_aem_XQQauV4EDsBjmBX86T4zTA

Nigerians are expecting price reduction of the product, why the increase when we refine and still produce the crude oil?

NNPC officials are yet to tell Nigerians the kind of politics going on there.

We've not heard the last of this refinery!!

IMPORTED PMS 😆😆😂😆😂😆

BULABANOMICS

APC ECONOMIC SYSTEM


DECEPTION AT IT'S PEAK 😆


Watch as their E-RATS that are expert In trekking and can't afford generator 😆 Will justify this nonsense

Damnnn niggar

Isoright

Nothing wrong with it.

With this, competition would drive it down.

Oro re oh

Why do I have this inner feeling that NNPC is taking petroleum products from Dangote and give Nigerians the impression P.H refinery is working

Corruption is the reason we still have high petroleum price despite functioning refineries.

Flangelo12:
Nothing wrong with it.

With tike, competition would drive it down.

National trekker has dropped quote 😆

fuel

slaawomirr:
Damnnn niggar

Isoright

All left ? 😆

Refinery belongs to the Nigeria state, the crude oil also belongs to the Nigeria state.

So i see no reason why a litre of fuel should be sold for more than N200.

We just have evil leaders, and later, one idiot and foolish woman working in TVC would criticize Davido for saying the truth.

Dem don start again
What is the essence of government refinery if not to bring down the prices of refined products compared to the private sector

We now know the source of our problem. From reading this an average and uneducated Nigerian will understand that NNPC is our major headache in the oil sector. What is stopping the govt from scrapping this NNPCL corrupt company? I guess they are benefiting from it. Since corruption has deepen the govt of the day. I think the best solution is to sell it out to private firms but the problem is that it’s still these govt people that will bid for it and still buy it. Nigeria is in a serious mess!

If you believe that Peter can still perform better as a Nigeria president, chat with Me, my number is on the signature. Join our initiative and let's discuss.

Flangelo12:
Nothing wrong with it.

With tike, competition would drive it down.

Competition between who and who

ReubenE:
Competition between who and who

I wonder ooo 😜
Between government and government

Maxymilliano:
https://www.channelstv.com/2024/11/27/port-harcourt-refinerys-petrol-price-higher-than-dangotes-by-%e2%82%a675-petroan/?fbclid=IwY2xjawGzuKdleHRuA2FlbQIxMQABHfjZelafh5yYwgXWZaxOoXgFbh0XhKFVTcclcJzRHYWlPKoL9877BjxHDQ_aem_XQQauV4EDsBjmBX86T4zTA

.

Nigerians are not interested in all these noises
It's simple, take the price to the nearest minimum.
Then expect praises...

Hahahahahahha
We told you all o

Dshocker:
Refinery belongs to the Nigeria state, the crude oil also belongs to the Nigeria state.

So i see no reason why a litre of fuel should be sold for more than N200.

We just have evil leaders, and later, one idiot and foolish woman working in TVC would criticize Davido for saying the truth.

Why not 150?

Malta blending plant don relocate to Ph be dat.

Lol
Chai
Gbajue people

The scam continues

They buy from dangote refinery and sell at ph refinery with #75 gain,
Nothing more

That is Tinubu product (that Nigeria allegedly spent $1b USD just this November to import). So let His Excellency make his profit.

You may be right bro

Jestin:
Why do I have this inner feeling that NNPC is taking petroleum products from Dangote and give Nigerians the impression P.H refinery is working

Because you don't even believe in yourself, talk less of another.

Legal criminals don't care about us...

The progress of this country is more like a baby learning how to walk

I thought you guys said it was not working?

God Bless President Bola Tinubu
God Bless Federal Republic of Nigeria

The more you know, the less you see, those deceiving us know, but as for me I am yown hoy

Lol.

Nigerians are the most unreasonable people on earth.
A company just started functioning and you're expecting competitive pricing already. It's expectations like this that made the refinery comatose in the first instance. If it was a private refinery, will they be saying the same.

At least let the refinery stabilize first before you start expecting a more competitive pricing. Or they should make losses because it's the government?

We really need to stop dishing out what we can't take. You can't keep bullying the government to submission because you have access to the media and you know people already have their doubts about the government.