The Nigerian National Petroleum Company Limited (NNPCL) has clarified that the Port Harcourt Refining Company (PHRC) has not commenced bulk sales of petroleum products, as critical processes are still being finalized.
In a statement released on Friday, NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, explained that the refinery’s current operations are limited. He noted that the products being sold originate from the Dangote Refinery and include applicable fees regulated by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
“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,” the statement read.
The NNPCL also called on the public to dismiss any misinformation about pricing, emphasizing that any future price reviews will be officially announced to ensure transparency.
