We Buy Fuel N1045 Per Litre From Port Harcourt Refinery While Dangote Refinery Is N970 — Petrol Retail Owners

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has stated that the price of Premium Motor Spirit churned out by the old Port Harcourt Refinery is more expensive than Dangote Refinery’s product.

This was disclosed by the union’s Public Relations Officer, Dr. Joseph Obele, during the official reopening ceremony of the refinery, which is now operating at a capacity of 60,000 barrels per day.

He said the fuel from the old Port Harcourt Refinery is N75 per litre higher than that sold by the Dangote Refinery.

He said Dangote Refinery sells petrol to marketers at N970 per litre, NNPCL’s price stands at N1045, a difference of N75 per litre.

He said the N75 price differential is a steep margin for businesses, particularly for an industry where profitability hinges on competitive pricing.