As the Port Harcourt Refining Plant beginn full operations in April, Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria have projected a marginal reduction in the pump price of Premium Motor Spirit, popularly called petrol.
PMAN and MEMAN also declared their readiness to load products from the facility, as they urged the Nigerian National Petroleum Company Limited to fulfill its promise of pumping put refined products from the plant in two weeks time.
the National President, IPMAN, Abubakar Maigandi, told theReportersng that marketers had been informed of the development and were ready to start lifting products, adding that once products start coming out from the plant, the cost of petrol would reduce, but however noye that there would be a marginal reduction.
He added, “Price reduction is obvious when they start releasing products, and there will be availability because it would serve as support to the imported products. So we are expecting a change in price, for no matter how small the reduction is, it is still a reduction.
On his part, the Executive Secretary, MEMAN, Clement Isong, explained that major oil marketers had been buying products from the trading arm of NNPCL, adding that this arm of the national oil firm would be in charge of the products to come out from the Port Harcourt refinery.
The Group Managing Director, NNPCL, Mele Kyari had last friday announced that the Port Harcourt refinery would commence operations in about two weeks time.
