The Nigerian National Petroleum Corporation, NNPC, said it increased its daily supply of Premium Motor Spirit, PMS, also known as petrol, to Lagos and Abuja to 470 truckloads of the commodity address ongoing scarcity. NNPC thus urged Nigerians to stop panic buying of Petroleum products as it has 21 days sufficiency of Premium Motor Spirit (PMS) otherwise called petrol.
A statement signed by its Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, in Abuja, said the 21 day sufficiency of petrol translated into 750million litres of the white product.
It noted that the NNPC had also increased the amount of PMS truck supplies to cities across the country, with Abuja receiving additional 100 trucks of petrol from its normal 70 trucks daily supply. “ Lagos is being supplied 300 trucks of petrol daily.
The PMS stock is also boosted by supplies from Port Harcourt Refinery as well as Kaduna Refining and Petrochemical Company which are autonomous business units of the Corporation,’’ it said It added that with the call-off of the warning strike by the Petroleum & Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Monday, NNPC wishes to assure motorists that normalcy would soon be restored in all parts of the country. The Corporation further urged motorists and other consumers of petroleum products to desist from panic buying. It also warned marketers not to engage in hoarding as defaulters would be prosecuted.
Ndu Ughamadu, also stated that the country’s PMS stock was being supported by supplies from the Port Harcourt Refinery as well as the Kaduna Refining and Petrochemical Company which are autonomous business units of the Corporation.
According to him, the NNPC has increased the amount of PMS truck supplies to cities across the country, with Abuja receiving additional 100 trucks of petrol from its normal 70 trucks daily supply, while Lagos is being supplied 300 trucks of petrol daily. He said, “With the call-off of the warning strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Monday, NNPC wishes to assure motorists that normalcy would soon be restored in all parts of the country.
“NNPC enjoins motorists and other consumers of petroleum products to desist from panic buying, while also warning marketers not to engage in hoarding as defaulters would be prosecuted.”
The NNPC and its downstream subsidiary, the Petroleum Products Marketing Company, PPMC, had a few days ago, also stated that they had increased the supply of petrol across the country to 1,300 truckloads daily to end the fuel crisis and boost fuel supply significantly.
Dr Umaru Ajiya, Managing Director, Petroleum Products Marking Company (PPMC) had also stated that the NNPC is taking delivery of a minimum of one shipload of fuel on a daily basis, a trend which he said would continue until the end of the year. According to him, each of the vessels contains over 50 million litres of as petrol which is far above Nigeria’s daily fuel demand of 35 million litres. He said, “We have a robust supply plan; every blessed day, we have a minimum of one ship arriving Nigeria. On Wednesday, we received two ships; tomorrow, we will receive a ship; after that, we have two ships coming in. That is the trajectory going forward, until the end of the year. One ship is an average of 50 million liters and the average consumption in Nigeria is about 35 million liters. In addition to that, we have massively increased our truck out. We cover 1,300 trucks a day. As you can see them arriving in several stations that we visited.”
He noted that with the collaboration of the , Department of Petroleum Resources (DPR), Petroleum Products Pricing Regulatory Agency (PPPRA) and security agencies, surveillance and monitoring had been beefed up adding that the NNPC had directed that any depot or filling station found hoarding product should be sold to Nigerians free of charge.
