Members of the Petroleum Products Retail Outlet Owners Association (PETROAN) have begun loading dual-purpose kerosene, automotive gas oil, and premium motor spirits at the Port Harcourt and Warri refineries, according to a statement by PETROAN spokesperson Joseph Obele.
The Port Harcourt refinery was reportedly shut down in December 2024 after being rehabilitated the previous month, and the same was said for the Warri Refinery after it resumed operations on December 30, 2024.
Obele has since confirmed that petroleum product lifting has started at both refineries, with the Port Harcourt refinery selling petrol, diesel, and kerosene to retailers, and the Warri refinery providing only diesel and kerosene.
“PETROAN members are now loading petroleum products, including dual-purpose kerosene, automotive gas oil, and premium motor spirits.”
The restart of petrol sales at both the Port Harcourt and Warri refineries, together with the existing Dangote Refinery, has sparked speculations of retail fuel price reduction.
“The resurgence of these refineries has sparked intense competition, expected to drive down petroleum prices. As Nigerians advocate for lower PMS prices, it is clear that competition is a crucial factor in triggering price reductions.
“The refineries’ revitalisation has brought numerous benefits, including the eradication of adulterated diesel and kerosene from the market,“ Obele stressed.
Meanwhile, Nigerians currently buy fuel between N965 and N1,100 per litre nationwide.
