
The global fall in crude oil prices has led to a slight drop in fuel prices across depots nationwide, with top depots now selling petrol and diesel at the same rate.
The global fall in crude oil prices has led to a slight drop in fuel prices across depots nationwide, with top depots now selling petrol and diesel at the same rate.
Oil marketers have said that unless the petrol from the newly refurbished Port Harcourt refinery is cheaper than Dangote petrol, they will boycott it entirely.
According to the NNPC Ltd the Old Port Harcourt Refinery is now operating at 70% capacity and producing significant volumes of petroleum products daily.
The Dangote Petroleum Refinery has stepped up its efforts to attract buyers after advertising petrol at a cheaper rate than the Port Harcourt refinery.
The co-founder of Sahara Group, Tonye Cole has expressed pessimism that petrol prices would crash to N700 per litre despite the commencement of local refining.
The federal government has disclosed that petrol prices will reduce following the commencement of fuel distribution from the Port Harcourt Refinery on Tuesday.
RETROAN's public relations officer reveaed that the price ofPMS produced by the old Port Harcourt Refinery, is N75 per litre more than that of the Dangote Refinery.
The Nigerian National Petroleum Company Limited (NNPC) has revealed that the Port Harcourt Refinery has begun loading fuel into trucks for distribution.
In a statement posted on its X page and signed by Olufemi Soneye, NNPC asserted that it had fulfilled its promise to re-stream the Port Harcourt Refining Company.
The Nigerian National Petroleum Company Limited (NNPC Ltd) has provided clarification to reports of blending Premium Motor Spirit (PMS) and trucking out.
Energy
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