• About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions
Saturday, June 6, 2026
Verily News
No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
No Result
View All Result
No Result
View All Result
Home Business & Economy

PETROAN Urges NNPCL to Stick to 30-Day Port Harcourt Refinery Repair Timeline

June 30, 2025
in Business & Economy
Reading Time: 2 mins read
0
images 5
Share on FacebookShare on TwitterShare on Linkedin
Spread the love

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on the Nigerian National Petroleum Company Limited (NNPCL) to strictly comply with the 30-day repair schedule announced for the Port Harcourt Refinery.

In a statement released on Sunday, PETROAN spokesperson Joseph Obele said the association is deeply concerned about the potential impact of any delay in the refinery’s maintenance, which was announced by NNPCL on Saturday for sustainability and operational assessment.

Reacting to the shutdown, PETROAN’s National President, Billy Gillis-Harry, acknowledged the necessity of maintenance but stressed that timely completion is critical.

He warned that exceeding the 30-day timeline could worsen the country’s fuel supply challenges and further strain millions of Nigerians already battling economic hardship.

According to PETROAN, delays could also negatively affect its members who have invested heavily in purchasing petroleum products from the NNPCL refinery depot, resulting in massive capital losses.

To mitigate these risks, the association outlined specific demands to NNPCL:

Inclusion of PMS Blending Unit: PETROAN insists the Premium Motor Spirit (PMS) blending unit must be included in the repair scope, noting that crude oil cracking is ineffective without it.

Timely Completion: The repair must be concluded before current product stocks are exhausted to prevent supply gaps and market monopolisation.

Market Competition: PETROAN emphasised that prompt completion will help maintain a competitive fuel market, which is vital for consumer protection and economic stability.

Task Force Formation: The group urged the Minister of Petroleum to establish a task force made up of all stakeholders in the petroleum industry to oversee the 30-day repair process.

Weekly Progress Briefings: The proposed task force should provide weekly updates to Nigerians, ensuring transparency and accountability.

Prompt Contractor Payments: PETROAN also called for timely disbursement of funds to contractors to avoid any project delays.

The association reiterated its support for refinery rehabilitation but stressed that discipline in project execution is necessary to avoid a fresh wave of fuel scarcity and inflation.

WHAT YOU SHOULD KNOW

PETROAN’s strong response underscores a broader concern in the petroleum sector: the need for efficiency, transparency, and accountability in Nigeria’s critical infrastructure projects.

ALSO READ TOP STORIES FROM VERILY NEWS

Tags: NNPCLPETROAN
Share199Tweet124Share35
Previous Post

NDLEA Destroys 77,000kg of Skunk in Cross River, Edo

Next Post

Nollywood Actor Reportedly Hospitalized After On-Set Incident Involving Zubby Michael

Related Posts

CBN

CBN Issues New Forex Penalties

by Victoria Ogbadu
June 6, 2026
0

The Central Bank of Nigeria (CBN) has announced a stiff N100 million penalty for banks that process foreign exchange transactions...

Dangote

Dangote Refinery Shatters Capacity Records As Petrol Prices Dip Across Lagos

by Victoria Ogbadu
June 6, 2026
0

On Saturday morning, petrol tankers lined the Lagos-Ibadan Expressway, not a sign of scarcity this time, but of supply. The...

Gold

Global Gold Prices—5th June 2026

by Victoria Ogbadu
June 5, 2026
0

Gold slid for a second consecutive week on Friday, as stalling Middle East peace talks crushed investor hopes for a...

naira

Naira vs Dollar Exchange Rate—5th June 2026

by Victoria Ogbadu
June 5, 2026
0

Naira held its ground against the United States dollar on Friday, maintaining a broadly stable footing in both the official...

oil

Global Oil Prices—5th June 2026

by Victoria Ogbadu
June 5, 2026
0

Oil prices clawed back ground on Friday, staging a modest recovery after one of the most volatile weeks of trading...

Load More
Next Post
Nollywood Actor Reportedly Hospitalized After On-Set Incident Involving Zubby Michael

Nollywood Actor Reportedly Hospitalized After On-Set Incident Involving Zubby Michael

Ibas

Rivers State Administrator Urges Citizens to Prioritize Unity and Development

Chaos Erupts Over Jigawa Representation as Delegates Disrupt Atiku, Obi Coalition Meeting

Chaos Erupts Over Jigawa Representation as Delegates Disrupt Atiku, Obi Coalition Meeting

Photo of Champions League Trophy

Champions League Slots Decided as Liverpool Celebrate Title on Final Day

Photo of Arthur Eze

Arthur Eze Hails President Tinubu as “God’s Gift to Nigeria” in Anniversary Tribute

Photo of Tunji-Ojo

Nigeria Turns Back Eight Foreigners Over Invalid Visas, Vows Tougher Entry Rules

Olumide Oworu Champions Global Collaboration for Nollywood’s Growth, Expresses Optimism Amid Challenges

Olumide Oworu Champions Global Collaboration for Nollywood’s Growth, Expresses Optimism Amid Challenges

Photo of Tobi Amusan

Tobi Amusan Shatters Meet Record in Rabat, Claims First Major Win of 2025 Season

Photo of Aregbesola

Aregbesola Rules Out Alliance Ahead of 2026 Osun Governorship Poll

Photo of Zelensky, trump and Putin

Trump Calls Putin "Crazy" After Deadly Drone Strikes in Ukraine

  • Trending
  • Comments
  • Latest
cbn governor olayemi cardoso

CBN Approves Merger Between Two Banks

February 23, 2026
2027: APC Governors Endorse Next Senate President After Akpabio

APC Governorship Candidate Joins ADC

March 16, 2026
NNPC Increases Petrol Price

NNPC Reduces Fuel Price

March 17, 2026
Kenya Airways

Viral video: Drama at Airport as Nigerian Woman Clashes with Kenya Airways Over Visa Issue

0
NLC

NLC Suspends Nationwide Protest Over Telecom Tariff Hike

0
VeryDarkMan

VeryDarkMan Vows to Uncover Truth in Mercy Chinwo and Ex-Manager’s Controversy

0
FG threatens to sack contractors

FG threatens to sack contractors

June 6, 2026
2027: APC Governors Endorse Next Senate President After Akpabio

Top APC chieftain escapes mob attack in Lagos

June 6, 2026
Jegede

Jegede Blasts Tinubu Administration

June 6, 2026
Verily News

Copyright © 2025 Verily News.

Navigate Site

  • About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions

Follow Us

No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story

Copyright © 2025 Verily News.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Get Breaking News Alerts on WhatsApp