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Port Harcourt Refinery yet to commence bulk sales — NNPCL

by Present Nigeria
November 30, 2024
in Business
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NETCO targets 5% increase in market shares, posts 137% increase in operating profit for 2023
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The Port Harcourt Refining Company (PHRC) has not yet commenced bulk sales or opened its purchase portal, as essential processes are still being finalized, Nigerian National Petroleum Company (NNPC)Ltd, has said.

The Chief Corporate Communications Officer NNPC Ltd, Olufemi Soneye, in a statement on Friday, explained that the products being sold originated from Dangote Refinery and included applicable NMDPRA fees.

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“Currently, the products we are selling originate from the Dangote Refinery and include applicable NMDPRA fees,” the statement read.

He further explained that the products from PHRC were exclusively for NNPC retail store, adding that the company its pricing was reviewed and adjusted periodically as necessary to reflect operational realities.

“The 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,” Soneye said.

He advised the public to disregard any misleading information regarding pricing, stating that “official announcements will be made if and when price reviews occur.”

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
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