Oil marketers have highlighted key conditions for purchasing products from the newly reopened Port Harcourt Refinery, insisting that prices must be more competitive than those of the Dangote Refinery. Currently, Dangote Refinery sells petrol at ₦970 per litre for bulk buyers, while reports suggest the NNPCL refinery’s price could be around ₦1,045 per litre.
NNPCL has clarified that no official price has been set, and bulk sales are yet to begin as the purchasing portal remains closed. Meanwhile, from November 23 to 28, oil marketers imported over 105 million litres of petrol, with shipments arriving at Lagos Apapa Port and Cross Rivers’ Ebughu jetty to meet local demand.
The Port Harcourt Refinery, operating at 70% capacity, produces 1.5 million litres of diesel and 900,000 litres of kerosene daily. However, marketers remain cautious, emphasizing that only competitive pricing will attract their patronage, signaling the need for a review aligned with global market trends.