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PETROAN has announced that its members are now lifting fuel from the Port Harcourt and Warri refineries.
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According to PETROAN, the refineries are selling petroleum products, including diesel, kerosene, and petrol, to retailers, sparking intense competition that could lower fuel prices.
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The operationalization of the refineries is expected to boost Nigeria’s economic growth, increase energy security.
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has disclosed that its members are now lifting petroleum products from the Port Harcourt and Warri refineries.
This development is contrary to previous doubts that the refineries owned by the Nigerian National Petroleum Company Limited were not fully operational.
PETROAN’s spokesman, Joseph Obele, stated that the Port Harcourt refinery is selling petrol, diesel, and kerosene to retailers, while the Warri refinery is supplying only diesel and kerosene.
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According to Obele, “PETROAN members are now loading petroleum products, including Dual-Purpose Kerosene, Automotive Gas Oil, and Premium Motor Spirits.”
READ ALSO: PETROAN Lauds NMDPRA Over Gas Distribution Licences
The resurgence of the refineries has sparked intense competition, expected to drive down petroleum prices.
“The refineries’ revitalisation has brought numerous benefits, including the eradication of adulterated diesel and kerosene from the market,” Obele stressed.
He emphasized that the functionality of the refineries has also contributed to a decrease in crude oil theft, which has hindered Nigeria’s ability to meet OPEC production targets.
Residents Scoop Fuel, As Petrol Tanker Falls In Taraba
Photos making rounds online has showed moments residents troop out to scoop fuel from a collapsed petrol truck.
According to reports, the tanker fell down in the Jalingo area of Taraba state on Wednesday, January 22, 2025.
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