The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) says petrol prices will crash down following the revival of the Port Harcourt and Warri refineries by the Federal Government.
In a statement today, PETROAN National Public Relations Officer, Dr. Joseph Obele, said contrary to previous doubts the refineries are now fully operational, with PETROAN members loading petroleum products, including DPK, AGO, and PMS.
According to the statement, The resurgence of these refineries has sparked intense competition, which is expected to drive down petroleum prices and As Nigerians advocate for lower PMS prices, it is clear that competition is a crucial factor in triggering price reductions.
He noted that the revitalisation of the facilities has numerous benefits, including the eradication of adulterated diesel and kerosene from the market
