• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, September 1, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Crude Refiners Seeks Affordable Petrol Price From P/Harcourt Refinery

by Chika Izuora
9 months ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

The Crude Oil Refinery-owners Association of Nigeria (CORAN), has said that it would enter into meaningful conversation with the Nigerian National Petroleum Company Limited (NNPC) to make petrol from the revived Port Harcourt refinery much affordable to consumers.

Advertisement

The Association said petroleum products would boost domestic market distribution but it would engage authorities to get better market value in pricing as well as quality of products.

This as loaders at the refinery gantry confirmed that marketers have sustained products loading at the refinery.
Confirming the situation with loading activities in a message shared with our Correspondent at the weekend, Dibia Isaiah, Chief Security Officer, Alesa Kingdom, Rivers State, said “I am a loader, and as you can see, the refinery is operational and running smoothly. This morning, I have already loaded four trucks. We are delighted that business has finally commenced after many years.”

Spokesman of CORAN, Eche Idoko told LEADERSHIP that the Association is interested in making products available and affordable to Nigerians.

Idoko, said the return of the refinery is a boost to the industry but it would be a thing of joy if the product is affordable to Nigerians.

RELATED

Keystone Bank Partners LCCI To Launch MSME Mini Business Boot Camp

Keystone Bank Partners LCCI To Launch MSME Mini Business Boot Camp

55 minutes ago
Union Bank

Union Bank, Titan Trust Merger Gets CBN Nod

2 hours ago
ADVERTISEMENT

Also, speaking with LEADERSHIP Henry Adigun, an oil policy expert who has worked supporting oil reforms in Nigeria since 2011, said this is a good starting point and Nigeria’s vast market requires multiple suppliers to ensure price stability and supply sustainability.

Adigun said with Port Harcourt refinery now in operation distribution challenges would be eased as the volume from the facility would take care of demand from the eastern market.
He also added that this development would engender competitiveness in pricing and that soon it would reflect on pump price stability.

Also speaking, Ibrahim Yahaya, general secretary of the Petroleum Dealers Association of Nigeria (PEDAN), said though the volume output from the refinery may be about 40,000 barrels it would definitely go a long way to provide market stability.

ADVERTISEMENT

Yahaya, said already domestic consumption of petrol has reduced by about 60 per cent going by sales record of marketers, a combination of supply from both Dangote and Port Harcourt would create effective demand and supply balance.

He also urged the NNPCL to double efforts to bring Warri and Kaduna refineries on stream.

According to Yahaya, if the company can commission both plants by Q2, 2025 the three government owned refineries could increase production by about 100,000 barrels a day which will motivate investment in the downstream industry.

He also presumed that the price of petrol would likely reduce given that the Port Harcourt refinery would be refining Nigerian crude and a guaranteed feedstock from the NNPC would support price adjustments.


Join Our WhatsApp Channel



Tags: CORAN
SendShare10178Tweet6361Share
ADVERTISEMENT
Previous Post

Coronation Insurance Reports N2.2bn PBT In 2023

Next Post

Womanity Index: Using Data And Evidence To Address GBV

Chika Izuora

Chika Izuora

You May Like

Keystone Bank Partners LCCI To Launch MSME Mini Business Boot Camp
Business

Keystone Bank Partners LCCI To Launch MSME Mini Business Boot Camp

2025/09/01
Union Bank
Business

Union Bank, Titan Trust Merger Gets CBN Nod

2025/09/01
Afrique Mommies Award 2025 To Honour Service, Culture Icons
Business

Afrique Mommies Award 2025 To Honour Service, Culture Icons

2025/09/01
Chevron Honoured For Community Development Initiatives
Business

Chevron Honoured For Community Development Initiatives

2025/09/01
CAC Launches AI Portal For 30-Minute Business Registration
Business

CAC Shifts Implementation Of New Service Fees To October 1, 2025

2025/09/01
Bear Resurfaces As Equities Investors Lose N639bn
Business

FX Stability, Capital Inflows Drive N26trn Gain In Stock Market

2025/09/01
Leadership Conference advertisement

LATEST

Business School Harps On Essential Life Skills For Youth Dev’t

Nigerian Initiative PadHer Expands Menstrual Health Education In Ghana With $140,000 Grant

Keystone Bank Partners LCCI To Launch MSME Mini Business Boot Camp

Blessing CEO Faults Phyna Over Attack On VDM Amid Sister’s Death

I Swore To Serve All, Not A Section — Tinubu

I Don’t Tolerate Nonsense Is Why Southern Kaduna Sees Me Differently – El-Rufai

Union Bank, Titan Trust Merger Gets CBN Nod

VP Márquez’s Visit Signals New Era of Nigeria–Colombia Ties, Says Shettima

Air Force Chief In China, Reaffirms Commitment To Global Defence Partnership

Governor Namadi Inaugurates 10mw Solar Mini-Grid

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.