Govt’s Port Harcourt Refinery sells petrol N1,045 per litre, N75 higher than Dangote’s PMS {CHECKS}
By KEMI KASUMU
Checks by The DEFENDER revealed Wednesday November 27, 2024 that Premium Motor Spirit (PMS) was sold to petroleum marketers for N1,045 pe litre at the government-owned Port Harcourt Refinery.
Our findings further revealed that the price is N75 higher than Dangote Refinery’s price of N970 even still higher than the private refinery’s old price of N990 before it was reduced recently by N20 to “thank Nigerians'” for standing with it during its tribulations probably in the hands of government and its agencies.
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), in furtherance to our checks, confirmed that the Port Harcourt Refinery, which began selling petrol to their members, was selling to them at N1,045 per litre, which is N75 higher than the N970 per litre offered by Dangote Refinery.
Recall that the Port Harcourt Refinery resumed operations on Tuesday after years of inactivity, with many commending the effort. But concerns about pricing have tempered the enthusiasm.
PETROAN’s National Public Relations Officer, Dr. Joseph Obele, confirmed the price difference to Punch Newspaper.
Speaking to Punch, he noted that it has discouraged marketers from lifting products from the refinery.
“Yes, the Port Harcourt refinery is selling petrol for N1,045 per litre to marketers. That is N75 higher than the price from Dangote,” he said.
“This high price is why marketers are not going to pick up products from the refinery. But the NNPCL GCEO has assured that the price would be reduced.”
