NewStats: 3,261,849 , 8,175,361 topics. Date: Friday, 30 May 2025 at 07:12 PM 693w50

The Nigeria National Petroleum Company Limited (NNPCL) has confirmed that the Port Harcourt Refinery in Rivers State has commenced crude oil processing.

The Chief Corporate Communications Officer of the company, Femi Soneye, announced on Tuesday that the refinery would operate at 60 per cent capacity, processing 60,000 barrels per day (bpd).

“Today marks a monumental achievement for Nigeria as the Port Harcourt Refinery officially commences crude oil processing. This groundbreaking milestone signifies a new era of energy independence and economic growth for our nation,” Soneye said on Tuesday.

The development follows years of rehabilitation work that began on May 6, 2021, and several postponements by the NNPC.

Following the announcement of the Port Harcourt Refinery’s operation, netizens took to social media, asking if it would lead to a drop in fuel prices.

A , @TheoAbuAgada, asked, “Will the operationalization of the Portharcourt Refinery lead to a decrease in fuel prices?”

Similarly, @OkinRahman said, “Okay now we Have seen The BC That Portharcourt Refinery have Started production will Fuel Price Crash??”

Another , @Jamaicca133, also asked, “Port Harcourt refinery begins production. So the price of PMS is expected to drop right?”

@KennyNuga said, “Nigeria has no reason to import petroleum products in 2025. Dangote refinery and portharcourt refinery will serve Nigeria and the entire West Africa.”

@Chiefudo, “Are we going to have another Dangote refinery experience when it comes to price or are we going to experience something different. Anyway, let’s wait for it to start first.”

https://www.vanguardngr.com/2024/11/will-the-price-of-petrol-drop-netizens-react-as-port-harcourt-refinery-begins-operation/

Off course not.....

I hope it drops to the N500 and N200 they have been demanding Dangote start selling fuel to them. These cabal just milked Nigeria until politicians who want to continue the nigerian projects put a check on their structure of importation. As it is now. It is better the cabals use Dangote as a cover/reference point and produce at around N970 then smuggle into neighbouring markets to sell at sizable profit. From consumption to production/exportation. That should put forex in private hands of the smugglers and strengthen the Naira

Lol 😂

Port Harcourt refinery roars back to life

Nothing ever reduces in this country

👀🇳🇬 up Nigeria

This people don carry Dangote handicap

See how Nigeria is using $20bn refinery play draught

Chai! Naija

So the court case Dangote instituted to stop importation and get local crude is dead as dodo suddenly

Najia na cruise make I nor lie

Nlfpmod

Time will tell.

What goes up in Nigeria never comes down except STANDARD OF LIVING

We hope for the best

Rule Number 1 - What goes up in Nigeria never comes down

I believe dangote removed 20 naira because of port Harcourt Refinery coming onboard

:Ddvdvdvdvd

Venezuela has the largest oil reserve in the world with only about 15% of Nigeria's population, yet 90% of their population lives below poverty level.

Nigeria is long gone, but many people don’t realize it yet. Keep playing crude tribal and religious politics

Very gud question,,,,, I keep buying fuel at 1,300 per ltre... I cnt even get to watch my dstv I subscribed well becus Nepal on its own can't be trusted

Get yourself busy, don't let petrol pump price determine your fate, there's much money in getting busy, as a seller, there's a lot of money in today's Nigeria market, if you keep wailing and doing nothing, you will continue to suffer more than before

Law of gravity doesn't apply to Nigeria, whatever goes does not come down.

Drop or go up? Tinubu will never ameliorate the suffering of the masses. He will rather make things more difficult. Upon removal of subsidy, they still keep on borrowing left and right. The truth is that masses are just in it as long as Tinubu is the president. We have not seen anything yet.

Lol. Which Port Harcourt refinery ? This one I ed today abi another one ?

Believe this news at your own peril

The price will sure reduce with time , not necessarily immediately but In the long run.

If you don’t understand Economics, is not my fault.

We hope so but the good thing is that we will stop importation of fuel which will ease pressure dollar.

Nigeria will be great against all Odds

Kukutente23:
This people don carry Dangote handicap

See how Nigeria is using $20bn refinery play draught

Chai! Naija

So the court case Dangote instituted to stop importation and get local crude is dead as dodo suddenly

Najia na cruise make I nor lie

Dangote can't lose cos he will export his own to other countries, if NNPLC sell at a very low price. Let keep our fingers up to see how much our own state refineries will sell their products.

With all 4 refineries in full production, the price of fuel should drop to N500 or less a liter.

We dey look una .....
But if anybody expect the price to drop to 500 naira or below is living in a dream land .

Nigerians to FG: Will the price drop?

FG to Nigerians: Go and warm Eba

kedeojo:
Dangote can't lose cos he will export his own to other countries, if NNPLC sell at a very low price. Let keep our fingers up to see how much our own state refineries will sell their products.

NNPC will not sell at a low price, they are a profit making business. The price of petrol is not coming down if the price of Crude doesn't come down.

If e no drop

Make all the leaders drop


After all na here them refined am

Tajbol4splend:
Get yourself busy, don't let petrol pump price determine your fate, there's much money in getting busy, as a seller, there's a lot of money in today's Nigeria market, if you keep wailing and doing nothing, you will continue to suffer more than before

Spot on!!