NNPCL Clarifies Status of Port Harcourt Refinery Operations and Pricing

The Nigeria National Petroleum Company Limited (NNPCL) has clarified that the Port Harcourt Refining Company (PHRC) has not yet commenced bulk sales, as critical processes are still being finalized.

This was disclosed in a statement on Friday by NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye.

According to the statement, the refinery currently sells products sourced from the Dangote Refinery, which include applicable fees set by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

“At this stage, products from PHRC are exclusively for our retail outlets. Pricing is periodically reviewed and adjusted as necessary to reflect operational realities,” the statement said.

NNPCL also advised the public to disregard any misleading information about pricing, assuring that official announcements will be made should any price adjustments occur.

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