The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised concerns over a ₦75 per litre price disparity between petrol produced by the Port Harcourt Refinery and the Dangote Refinery. While Dangote Refinery sells petrol at ₦970 per litre, the Nigerian National Petroleum Company Limited (NNPCL) offers its product at ₦1,045 per litre, significantly affecting market competitiveness.

Speaking during the reopening ceremony of the Port Harcourt Refinery, which now operates at a capacity of 60,000 barrels per day, PETROAN’s Public Relations Officer, Dr. Joseph Obele, commended the refinery’s revival but cautioned about the pricing’s adverse impact on marketers and consumers.

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Obele highlighted that the Group Chief Executive Officer of NNPCL, Mele Kyari, has assured stakeholders of efforts to harmonize prices to ensure a level playing field.

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The reopening of the refinery marks a critical step in reducing Nigeria’s dependency on imported petroleum products. However, industry watchers urge comprehensive reforms to address pricing challenges and stabilize the downstream petroleum sector.