Since the re-commencement of the Port-Harcourt Refinery there have been many controversies regarding it’s commencement raging from if the sincerity or not of the refining process, etc. More concerns has emerged regarding petrol pricing, with the independent marketers warning that, they may not purchase fuels if NNPCL‘s prices remain high. Reports suggest petrol from the refinery costs approximately N1,030 per litre, higher than that from the Dangote Refinery, prompting calls for adjustments.
Industry Reactions
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Crude Oil Refineries Owners Association of Nigeria (CORAN) have urged for competitive pricing. CORAN also raised concerns about the long-term sustainability of blending fuel components, stressing that imported feedstocks could drive costs higher.
Expert Insights
Energy expert Henry Adigun estimates that blended fuel should cost between N860 and N870 per litre. He explained that the refinery is not yet at the stage to produce fully refined petrol without blending, attributing this to its phased rehabilitation.
The NNPCL is committed to addressing pricing concerns and improving operations at the Port Harcourt Refinery. Stakeholders remain optimistic that ongoing discussions will yield competitive pricing, ensuring a steady supply of affordable fuel to Nigerians.