URBANEXPRESSLIVEURBANEXPRESSLIVEURBANEXPRESSLIVE
  • Home
  • Politics
    Politics
    “Followers who tell the truth, and leaders who listen to it, are an unbeatable combination.”— Warren Bennis
    Show More
    Top News
    Hamas’ll Pay For The Crime of Killing American Hostage-Biden Threatened
    September 1, 2024
    Choose Lesser Evil-Pope Francis Advice Catholic Voters As US Election Draws Near
    September 14, 2024
    Uploading of IREV Reports Now 86.55% In Edo Guber Election Concern
    September 21, 2024
    Latest News
    It may be of Significance retaining His Lagacy’-Oshiomhole Advises Jonathan Over Speculative 2027 Ambition
    October 6, 2025
    He Never Complained of Inheriting Challenges- UN Deputy Sec Gen, Amina Mohammed, On Tinubu
    October 5, 2025
    Not Quicksand, We’re Building Nigeria’s Economy On Concrete-Tinubu
    October 1, 2025
    While Bandits Take Over Kwara, Onanuga is Busy Attacking Jonathan-Rufai Oseni
    September 30, 2025
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Search
  • Advertise
© 2024 Urbanexpresslive. All Rights Reserved.
Reading: Once There’s No PMS Blending, Expect Price To Skyrocket To N10, 000 Per Litre-PETROAN
Share
Notification Show More
Font ResizerAa
URBANEXPRESSLIVEURBANEXPRESSLIVE
Font ResizerAa
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
Search
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
URBANEXPRESSLIVE > web-Page > Business > Once There’s No PMS Blending, Expect Price To Skyrocket To N10, 000 Per Litre-PETROAN
Business

Once There’s No PMS Blending, Expect Price To Skyrocket To N10, 000 Per Litre-PETROAN

urbanexpresslive
Last updated: November 28, 2024 12:52 pm
urbanexpresslive
Share
2 Min Read
SHARE

Taiwo Popoola

President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, has clarified the controversy surrounding the Port Harcourt refinery’s operations.

Gillis-Harry discussed this on Wednesday during an interview on Arise TV News Night and that which Was Monitored By Urban Express News Online

His reactions come amid claims by some critics that the Port Harcourt refinery is merely a blending plant upon its revival on Tuesday.

However, it was emphasized that blending is a standard practice in crude oil refining processes worldwide.

The Port Harcourt refinery, which resumed operations on Tuesday, has been touted as a crucial step in reducing Nigeria’s reliance on fuel imports, adding that the “NNPC was very transparent when they clearly stated that there is a blending process within the ambit of the industry.”

“I do not know any refinery in the world today that does not engage in blending. And why do you blend? You blend because of the volatility of different products.

“So, for the PMS, the volatility rate is very high, and there has to be some kind of blending that will enable the volatility to be stable. Otherwise, you will buy gasoline at N10,000, and before you know it, it has evaporated.”

 PETROAN had Clarified Claims made by PETROAN Clarified Claim Made Its Spokesman By, Joseph Obele, that Port Harcourt Refinery petroleum products prices are higher than those of Dangote Refinery.

According to him, Obele was referring to the ex-depot price before the commencement of the Port Harcourt Refinery on Tuesday.

He stressed that he is optimistic the refinery will review its gasoline prices to a cheaper rate upon the kickoff of bulk sales to marketers.

Earlier, NNPC Had a Dismissed Claim that it had fixed a price template for Port Harcourt Refinery.

Recall that Port Harcourt Refinery Commenced Operation and truckout of petroleum products on Tuesday.

You Might Also Like

How Naira Gained N45 Against Dollar At Black Market On Week-On-Week

Trump’s Tariffs: President of Mexico Vow To Retaliate

Trump Hints at Possible Meltdown of Tariffs On China

How Naira Fails To Appreciate Against Dollar For Consecutive Times

Nigeria Set to Sanction Qatar Airways Over Alleged Passenger Mistreatment

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article How EFCC Arraigns Man For Land Racketeering In Borno
Next Article Performance Evacuation: Nigerians Have Limited Confidence In Lawmakers-Ndume
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

Misleading, False Narrative-Army Denies Bandits Overran Troops In Kwara
Crime Lence Crime Reports October 6, 2025
One killed, Five Arrested In Lagos Cult Clash
Crime Lence Crime Reports October 6, 2025
It may be of Significance retaining His Lagacy’-Oshiomhole Advises Jonathan Over Speculative 2027 Ambition
Discover Politics October 6, 2025
EPL: Meanwhile, You Shouldn’t be At Man United-Neville Slams Amorim Over Recent Comment  
Uncategorized October 6, 2025
Executive Master of Transport Management
//

UrbanExpressNews is Nigeria Most Reliable Online News, With Quality Pedigree of Writers made available on the online space.

Download Our App

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

info@urbanexpresslive.com

 

Follow US
© 2024 Urbanexpresslive. All Rights Reserved.
Welcome Back!

Sign in to your account