We’re Still Buying PMS At Old Price As NNPC Yet To Review Port Harcourt Refinery Price, PETROAN

… We’re Still  Selling To You Products From Dangote Refineries, NNPC Replies

The Petroleum Products Retail Outlet Owners  Association of Nigeria  (PETROAN), has disclosed that its members are still buying Premium Motor Spirit (PMS popularly known as fuel), at old price from the Nigerian National Petroleum Company Limited (NNPC Ltd) despite the Tuesday’s commencement of blending operations by Port Harcourt refinery.

But the NNPC explained that currently what it is still selling to PETROAN are products procured from Dangote Refineries as the prices cannot be reviewed until exhausted.

NNPC further said in response to PETROAN that currently, products from Port Harcourt refinery are for its retail stores.

PETROAN in a statement by its national President, Dr Billy Sotubo Gillis-Harry, on Wednesday informed the public that “no new price for PMS has been released by the NNPC Port Harcourt refinery.

“Members of PETROAN only bought PMS with the old pricing template awaiting new prices.

“We are excited that the production and loading of refined petroleum products have commenced at the Port Harcourt Refinery and we are expectant that soon the price
of PMS will be stated by NNPC to the benefit of Nigerians.”

However, when contacted, the NNPC Chief Corporate Communications Officer, Olufemi Soneye, said: “We have not yet commenced bulk sales and we have not yet opened the purchase portal as we are still finalizing 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.”