By Florish Obanor
Suppliers demand that PMS be less expensive than Dangote’s, while NNPCL postpones the launch of the price portal and limits productThe requirements that will entice them to use the recently restored Port Harcourt Refinery Company in Rivers State have been laid out by oil marketers.
The dealers said that the Nigerian National Petroleum Company Limited, which oversees PHRC, is required to offer its refined petroleum products at a lower cost than the Dangote Petroleum Refinery.
The refinery has not yet disclosed its rates, according to the NNPCL, which responded to Wednesday’s reports that its gasoline prices were approximately N1,045 per litre.
This is because only NNPCL stations now receive the plant’s products. The spokesperson for the oil company, stated that because its purchasing portal was still down, the company was still examining its prices and had not yet started selling in bulk.
On Wednesday, it was also reported that in just five days, oil merchants brought 105.67 million liters of gasoline into the nation.
In order to meet local demands, marketers emphasized that they could have to choose to import gasoline, confirming that NNPC was selling it for N1,045 per liter.
According to information obtained exclusively, during the five days between November 23 and November 28, a total of 78,800 metric tonnes, or 105.67 million liters, of gasoline were imported into the nation.
Following years of dormancy, the 60,000-capacity Port-Harcourt refinery reopened on Tuesday, receiving early kudos from Nigerians and industry participants.
According to the NNPC, 70% of the installed capacity of the old Port Harcourt refinery can be refined in the recently renovated complex, which has been updated with new machinery.
The refinery’s capacity is 1.5 million liters per day for diesel and 2.1 million liters for pour fuel oil, respectively, according to NNPC.The production of Straight-Run Gasoline (Naphtha) is then followed by 1.4 million liters of Premium Motor Spirit (petrol), 900,000 liters of kerosene, and 2.1 million liters of low-pour fuel oil each day.
About 200 trucks of gasoline would be let into the Nigerian market every day, according to the statement.Although NNPC has not yet disclosed a price for the goods from the renovated Port Harcourt refinery, a high price will deter marketers, according to Chinedu Ukadike, National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, who spoke to one of our correspondents.Olufemi Soneye, a spokesman for the oil company, disclosed that the company was still examining its prices and had not yet started selling in bulk because its purchase gateway was still down.
Oil marketers brought in 105.67 million liters of gasoline in five days, according to data collected on Wednesday.
In order to meet local demands, marketers emphasized that they could have to choose to import gasoline, confirming that NNPC was selling it for N1,045 per liter. In the last five days, from November 23 to November 28, a total of 78,800 metric tonnes, or 105.67 million liters, of gasoline were imported into the nation, according to information obtained exclusively by The Swage News.
The 60,000-capacity Port-Harcourt refinery reopened Tuesday following years of dormancy, generating preliminaryWhen Ukadike stated that independent traders would only purchase from the NNPC if its pricing was lower than Dangote’s or vice versa, he did not mince words.
Now that the Port Harcourt refinery is operational, we expect NNPC to provide us with its price at any moment.
We will begin loading from NNPC as soon as they reveal their price.
That depends on if it is less expensive than Dangote’s.
“NNPC’s most recent prices were N1,040 and N1,045.”N1,040 and N1,045 per liter were the most recent NNPC prices.
However, given the global price collapse, I am aware that a review of prices will be conducted. We therefore anticipate a review.
I will be able to provide you with the precise cost after the review is completed. I am aware that it is being reviewed.
According to the IPMAN spokesperson, “they are on top of the matter.
