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The Nigerian National Petroleum Company Limited (NNPCL) revealed that bulk sales to marketers have not yet begun at the Port Harcourt Refining Company (PHRC). This update comes as the refinery, long anticipated to bolster local refining capacity, continues to fine-tune its processes after significant rehabilitation efforts.
In a statement, the company disclosed that products from the Port Harcourt Refining Company (PHRC) are allocated solely to its filling stations. The company added that periodic price reviews ensure alignment with both market trends and internal policies.
In his statement – Announcement on Pricing of PHRC Products – Chief Corporate Communications Officer, NNPCL, Olufemi Soneye, said: “The Port Harcourt Refining Company (PHRC) has not yet commenced bulk sales or opened its purchase portal, as essential processes are still being finalized.
“Currently, the products we are selling originate from the Dangote Refinery and include applicable NMDPRA fees. Products from PHRC are exclusively for our retail stores at this stage. Our pricing is reviewed and adjusted periodically as necessary to reflect operational realities.
Read also: P-Harcourt Refinery: NNPCL Will Further Cut PMS Price – PETROAN
The organization strongly recommended that individuals disregard any inaccurate or deceptive information circulating about pricing. They clarified that only official statements would be issued in the event of any changes to prices, ensuring transparency and reliability.
Emphasizing the importance of staying informed through legitimate channels, they expressed their gratitude for the public’s patience, support, and understanding during this period. The organization also urged consumers to verify details from trusted sources to avoid confusion or misinformation, reinforcing the need for clear communication.
“We advise the public to disregard any misleading pricing information. Official announcements will be made if and when price reviews occur. Thank you for your understanding and cooperation.”
