Oil Marketers React to Commencement of Production at Port Harcourt Refinery, Speak on Price of Fuel
Oil Marketers have reacted to the resumption of operations at the Port Harcourt Refinery.
POLITICS NIGERIA reports that the Nigerian National Petroleum Company (NNPC) Limited recently announced the resumption of petrol refining at the refinery which had been dormant for years, costing Nigeria billions of dollars in foreign exchange.
The petroleum company confirmed on Tuesday that the refinery has restarted operations, with trucks loading petrol, diesel, and kerosene from the facility.
NNPC’s Group CEO, Mele Kyari, described the development as a significant achievement for Nigeria, signalling a new era of energy independence and economic growth. Kyari extended gratitude to President Bola Ahmed Tinubu for his steadfast support of the refinery rehabilitation project and his commitment to ensuring Nigeria’s energy security.
Meanwhile, the National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Alhaji Abubakar Maigandi Shettima, expressed optimism about the refinery’s reopening, calling it “good news” for the country and the oil industry.
However, Shettima noted that marketers are waiting for NNPC to disclose the pricing of refined products before determining their next steps.
“We feel very happy, and it is good news for everybody. But we cannot say much. We will wait for NNPC to disclose the price it will sell its products, and that will determine how marketers will react,” he stated.
