WRITTEN BY: Chioma Madonna Ndukwu
PETROAN has raised concerns that petrol from the recently reopened Port Harcourt Refinery is ₦75 more expensive per litre than that from the Dangote Refinery. Dr. Joseph Obele, PETROAN’s Public Relations Officer, explained, “The profitability of petroleum marketers depends largely on competitive pricing,” warning that this price gap could harm smaller marketers.
He further stated, “This disparity, if not addressed, could pose a serious challenge to the sector, impacting both marketers and end consumers.” While acknowledging the refinery’s reopening as a positive step, Obele emphasized the need for reforms, saying, “We urge the government and NNPCL to implement reforms to ensure fair and competitive pricing.” NNPCL’s Mele Kyari has assured that efforts are underway to harmonize fuel prices across suppliers.
While the reopening of the Port Harcourt Refinery is a welcome development, resolving the pricing gap is crucial to ensuring a fair and competitive market for both marketers and consumers.
