By Udeme Akpan

The Nigerian National Petroleum Company Limited, NNPCL, said the Port Harcourt Refining Company, PHRC, has not yet started bulk sales to marketers.

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The company disclosed that products from PHRC are exclusively for its filling stations, adding prices are reviewed and adjusted periodically.

In his statement – Announcement on Pricing of PHRC Products – Chief Corporate Communications Officer, NNPCL, Olufemi Soneye, said: “The Port Harcourt Refining Company (PHRC) has not yet commenced bulk sales or opened its purchase portal, as essential processes are still being finalized.

“Currently, the products we are selling originate from the Dangote Refinery and include applicable NMDPRA fees. 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.

“We advise the public to disregard any misleading pricing information. Official announcements will be made if and when price reviews occur. Thank you for your understanding and cooperation.”

Vanguard News