The Nigerian National Petroleum Company has clarified that it is yet to unveil a price template for Port Harcourt Refinery’s petroleum products.

 

This comes as petroleum marketers vowed to boycott the revived Port Harcourt refinery if the price of its petroleum products is not cheaper than that of Dangote refinery or imported ones.

 

The Spokesperson of NNPCL, Olufemi Soneye, in a message to journalists, made it clear that the Port Harcourt Refinery has yet to commence bulk sales of its petroleum products.

 

According to him, the firm still sells old stock of Dangote Refinery petrol.

 

“We have not yet commenced bulk sales, and we have not yet opened the purchase portal as we are still finalising the necessary processes.

 

“At present, the products we are selling are what we bought from the Dangote Refinery, which includes NMDPRA fees.

 

“The product from PH is currently for our retail stores. Our prices are regularly reviewed and adjusted as required,” he said.

 

Meanwhile, the spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said that its members will not patronise Port Harcourt refinery if its petroleum products are not cheaper and more competitive.

 

He, however, noted that the state-owned oil firm has not revealed its ex-depot price template after the resumption of Port Harcourt Refinery on Tuesday.

 

Ukadike said that it is when NNPC reviews its ex-depot price template that IPMAN members will commence loading at Port Harcourt Refinery.

 

“With the Portharcourt refinery now working, we are anticipating that any moment from now, NNPC will give us its price.

 

“Once NNPC releases its price, we will start loading from NNPC. That is subject to whether it is cheaper than that of Dangote.

 

“The last NNPC price was N1,040 and N1,045 per litre. But I know there will be a review of prices because there has been a crash in prices globally.

 

“So, we are expecting a review. Once that review is done, I will be able to give you the actual price. I know they are reviewing it. They are on top of the matter,” the IPMAN spokesman said.

 

His response comes amid speculations that Port Harcourt Refinery’s gasoline is sold at N1045 per litre, higher than N970 per litre sold at Dangote Refinery.

 

This comes after spokesman of the Petroleum Products Retail Outlets Owners Association of Nigeria, Joseph Obele, alleged that the price of petrol from the old Port Harcourt refinery, which resumed production on Tuesday, is N75 per litre higher than that sold by the Dangote refinery.

 

His claims come after the commencement of Port Harcourt Refinery on Tuesday.