NNPC Says It Has 1.2bn Litres Of Petrol In Stock


Although fuel scarcity is biting harder across Nigeria, the Nigerian National Petroleum Corporation (NNPC) and its downstream subsidiary, the Pipelines and Products Marketing Company (PPMC), said they have 1.2 billion litres of petrol in stock.

This is contained in a statement issued in Abuja on Thursday by Mr Ohi Alegbe, Group General Manager, Group Public Affairs Department, NNPC.

The figure, according to the statement, translated to 31 days sufficiency, as it is on record that daily consumption of the commodity is 40 million litres.

“21 additional vessels laden with petroleum products are in offshore Lagos waiting to berth,” the statement quoted Managing Director of PPMC, Haruna Momoh to have announced in Abuja.

“NNPC has made adequate arrangements to ensure energy sufficiency in the country and reassured motorists that the noticeable queues at the filling stations would thin out in the days ahead.”

According to Momoh, the NNPC also had 21 days sufficiency of diesel (Automotive Gas Oil; AGO) and 18 days sufficiency of Dual Purpose Kerosene (DPK), otherwise known as kerosene.