P/Harcourt refinery Nigeria: Marketers eye N500/litre petrol, set to load

Oil marketers are gearing up to load refined petroleum products from the Port Harcourt Refining Company, as workers at the facility race to get it set for production on the directives of the Nigerian National Petroleum Company Limited. Dealers confirmed this weekend that the PHRC was almost set to start releasing products, projecting a N500/litre price for Premium Motor Spirit, popularly called petrol, from the Port Harcourt refinery in Rivers State. They also expressed optimism that the Dangote Petroleum Refinery would crash PMS price below N500/litre when it starts releasing products. Dangote refinery is projected to start supplying petrol to the market in May, as it currently supplies diesel to dealers.