The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has announced that the revival of the Port Harcourt and Warri refineries will significantly decrease petrol prices nationwide.
In a statement issued on Saturday, PETROAN’s National Public Relations Officer, Dr. Joseph Obele, confirmed that the refineries are now fully operational, with members of PETROAN actively loading petroleum products such as DPK, AGO, and PMS.
Obele explained that the reactivation of the refineries has sparked fierce competition, which is expected to reduce fuel prices.
He emphasized that as Nigerians call for lower PMS prices, competition is proving to be a key driver of price cuts.
“The resurgence of these refineries has sparked intense competition, which is 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 statement partly read.
The revitalization,…
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