Oil marketers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have said the prices of refined petroleum products are to drop further following the commencement of operations at the Warri Refining and Petrochemicals Company Limited.
Dealers in the downstream oil sector said competition in the space would now be stiffer, as domestic refiners would be forced to reduce prices to get buyers.
2027: ‘Stop lying at 80’, Kwankwaso blasts Atiku
They stated this following the announcement by the Nigerian National Petroleum Company Limited that the 125,000 barrels per day WRPC in Delta State had commenced operations.
NNPCL also announced plans to begin the export of locally refined products to foreign countries in exchange for foreign currency.
Petrol Marketers Complained to Tinubu that Our Diesel Price is Too Cheap–Dangote
2025 Prophecy: Primate Ayodele Drops Bombshell, Urges Govt, Citizens to Take Action
The development comes barely a month after the commencement of operations at the 60,000 barrels per day-old Port Harcourt Refinery in Rivers State.
For Latest news and Job Updates, Join our WhatsApp Channel
https://whatsapp.com/channel/0029Va9qtzXHwXbIyBGtjk2o
