The Federal Government has disclosed that the Port Harcourt Refining Company was still being test-run, adding that refined petroleum products from the plant would hit the market soon.
It disclosed this at a briefing in Abuja on Wednesday, as oil marketers expressed worry that the recent crash of the naira against the United States dollar might lead to a hike in the pump prices of refined petroleum products.
They specifically wondered how the Nigerian National Petroleum Company Limited would continue to supply Premium Motor Spirit, popularly called petrol, at the current cost, considering the fact that one dollar now equals about N1,450.
Recall that on December 21, 2023, the Federal Government announced the mechanical completion of rehabilitation work on Area-5 Plant of the Port Harcourt Refining Company in Rivers State.
FG To Further Strengthen 50-Year-Old Business Ties With China
Federal Government has promised to further strengthen the 50-year old business relations between Nigeria and China. A statement by Special...
Read more