In a statement released on Wednesday, November 27, 2024, Olufemi Soneye, the Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPCL), announced that products from the Port Harcourt Refinery Company (PHRC) are currently designated exclusively for NNPCL retail outlets......Read The Full Article>>.....Read The Full Article>>
Soneye clarified that the refinery has not yet commenced bulk sales of its products, and the purchase portal remains inactive as the company is still finalizing the necessary processes.
He emphasized that the products currently being sold by NNPCL are sourced from the Dangote Refinery and Petrochemicals, which also include Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fees.
“At present, the products we are selling are what we bought from the Dangote Refinery, which includes NMDPRA fees. The product from Port Harcourt is currently for our retail stores. Our prices are regularly reviewed and adjusted as required,” Soneye stated.
The announcement comes as Nigeria continues to work towards increasing its domestic refining capacity and reducing its reliance on imported petroleum products.
