Sunday, 7 July 2013

IPMAN Blames High Cost of Kerosene on Shut Down of Port Harcourt Refinery

The Independent Petroleum Marketers Association of Nigeria (IPMAN) said the continued shut down of the Port Harcourt refinery has led to the scarcity of kerosene in Rivers State.

The chairman of IPMAN, Sunny Npe, stated this at a press briefing in Port Harcourt.
He said its members now depend on imported kerosene for state consumption.

“At present, the price of kerosene is high because the refinery is not working and this will affect the lower class of the society. Once the refinery comes back on stream, automatically, the price of kerosene and diesel will drop. 

In order to beef up the supply of PMS, we are sustaining supply by detention. And like you know, constant importation is going to have a huge negative impact on our foreign reserve. Meanwhile the refinery is in top shape,” Npe said.

He also said that if the illegal activities of vandals and oil bunkering are curtailed, the Port Harcourt refinery will produce more than 210, 000 barrels of crude oil per day.

“The allocated crude oil to the refinery cannot get to the refinery. At present the refinery is outrunning almost 60% installed capacity and after turn around maintenance, we expect it to go to a full production capacity of over 210,000 barrels of crude oil per day. That is substantially massive production that is going to take care of marketers, the consuming public and make life easy for the ordinary man,” he finished.

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