Yuletide: We have 750 million litres of petrol in stock – NNPC

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Yuletide: We have 750 million litres of petrol in stock – NNPC
Fuel-scarcity-in-Lagos

By Ayobami Adedinni

In view of the long fuel queue and artificial scarcity allegedly caused by Petroleum Marketers and usually witnessed during yuletide, the Nigerian National Petroleum Corporation (NNPC) has said the Corporation has 750 million litres of petroleum product in store.

This translates to about 21 days sufficiency of Premium Motor Spirit otherwise called petrol.

In a statement obtained by petrolgasreport  on Tuesday and signed by Group General Manager, Group Public Affairs Division, Ndu Ughamadu, it said it  has 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.

Speaking further, he said, “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.

“With the call-off of the warning strike by the Petroleum & Natural Gas Senior Staff Association of Nigeria (PENGASSAN) yesterday, 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 statement added.

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