Marketers and retailers of petroleum products are set to start lifting Premium Motor Spirit from the Port Harcourt Refining Company this week, barring any last-minute changes.
This was revealed by the Publicity Secretary of the Petroleum Products Retail Outlet Owners Association of Nigeria, Joseph Obele,
in an exclusive interview, according to The Punch.
Obele explained that since the refinery began operations in November, it has been supplying fuel exclusively to retail outlets owned by the Nigerian National Petroleum Company Limited.
While marketers continue to source fuel from the NNPCL, Obele clarified that the products they are purchasing from the state-owned oil company are imported.
Obele expressed concerns over the NNPCL selling PMS to retailers in Port Harcourt at prices higher than those in Lagos, urging that the refinery should sell at N899 per litre rather than N970.
“NNPC is still telling us to buy at a rate different from the rate they are selling to Lagos at the moment because of logistics. So, Port Harcourt retail outlet owners are not really comfortable with that. Hence, the Port Harcourt refinery will start servicing us this week.
“We are also requesting that the same rate NNPC is selling to our members at Lagos should be the rate they will be selling to us over here in Port Harcourt too. We are not really comfortable with that disparity,” he stated.
When asked if marketers in Port Harcourt and surrounding areas have begun purchasing directly from the NNPC refinery, Obele responded, “No, but it will commence this week. The trucks loading out are for the NNPC retail outlets only.”
Meanwhile, Obele in his request to the NNPC, said, “We in Port Harcourt, we plead with the NNPC to sell to us at the same rate they are selling fuel to Lagos marketers. The difference is too much. It is N899 per litre in Lagos but N970 in Port Harcourt. It is far higher than that of Lagos.
“The way they explain it, it is like their own vessel will be bringing it and shipping it over to Port Harcourt depot for us to buy. So, we are now saying that since you will be selling directly to us from the refinery, you now have the stock available. Sell to us at the same rate you are selling to Lagos marketers.
“So, that’s where we are right now. Our request is that the NNPC should sell to us from the Port Harcourt refinery at the same rate they are selling the product to those in Lagos.”
When asked if he meant that the NNPC was still importing fuel to Lagos, the PETROAN spokesman confirmed, saying, “The stocks in Lagos are imported stocks.”
After multiple delays, the NNPC announced in November that the 60,000 barrels per day Port Harcourt refinery had resumed operations.
The NNPC also promised that rehabilitation works on the new Port Harcourt refinery, which has a capacity of 150,000 barrels per day, would be completed soon.
