The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has confirmed that its members have commenced loading petroleum products, including dual-purpose kerosene, automotive gas oil (diesel), and premium motor spirit (petrol), from the recently reactivated Port Harcourt and Warri refineries.
This was disclosed in a statement on Saturday by PETROAN spokesperson Joseph Obele, who announced that the Port Harcourt refinery has started supplying petrol, diesel, and kerosene to retailers, while the Warri refinery is currently selling only diesel and kerosene.
The development follows reports that both refineries had temporarily shut down after brief periods of operation. The Port Harcourt refinery, rehabilitated in November 2024, was said to have ceased operations in December, while the Warri refinery, which restarted production on December 30, also reportedly halted operations soon after.
With fuel now being lifted from these state-owned refineries, industry observers are speculating that increased supply could lead to a reduction in petrol prices, which currently range between ₦965 and ₦1,100 per litre across the country.
“The resurgence of these refineries has sparked intense competition, which is expected to drive down petroleum prices,” Obele stated, emphasizing that competition remains a key factor in determining fuel costs.
He also highlighted the positive impact of the refineries’ revival, noting that the return of state-owned facilities, alongside the privately-run Dangote Refinery, will help eliminate adulterated diesel and kerosene from the market.
Nigerians now await potential adjustments in fuel prices as the country’s refining capacity gradually improves.
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