The Chairman, Independent Petroleum Marketers Association of Nigeria, Rivers State Chapter, Joseph Obele, has enjoined the Federal Government to ensure that the nation’s refineries are fixed as planned.
He stated that the cost of Petroleum Motor Spirit, also known as petrol, would crash below N200 per litre should the refineries become functional.
This is coming against the backdrop of the removal of petrol subsidy, which has led to a corresponding hike in fuel prices and a hike in the cost of living.
To revive the nation’s economy, President Bola Tinubu has promised to ensure that the Port Harcourt Refinery begins production by December 2023.
Last Friday, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, during a visit to the Port Harcourt Refinery, reinstated Federal Government’s commitment to get the refinery running.
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