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NNPC insists Nigeria’s petrol stock still sufficient

By on November 15, 2015

In spite of the fresh increase in queues for petrol by motorists at service stations across the country, the Nigerian National Petroleum Corporation (NNPC) on Friday insisted that the country has enough petrol stocks to last for about 35 days going by her average of 40 million litres per day consumption rate.

The corporation said in Abuja that its existing record indicates that the country has an in-country stock of about 657 million litres of petrol which would last for 16 days, as well as additional 756 million litres which has been confirmed for delivery into the country’s ports for November.

Speaking on the status of measures the corporation had initiated to improve on petrol supply and distribution across the country, the Director of Commercial Services of the Pipeline and Products Marketing Company (PPMC), Justine Eziala said that this much of petrol stock would ensure that petrol supply is buoyant across the country. He maintained that there was no need for the sudden emergence of queues at filling stations.

PPMC is the downstream subsidiary of NNPC. Justine however noted that the country still has challenges in prompt delivery of petrol to all part it because its length of pipeline which would ordinarily take fuel from its storage facilities in Lagos to depots across the country were dysfunctional.

According to him, about 4,397,288 litres of petrol was delivered to the Suleja depot on Thursday for distribution to service stations within its environ; 1,518,989 litres to Kaduna depot; 2,754,125 litres to Kano; 299,992 litres to Minna; 795,001 to Gusau; and 2,975,990 litres to Mosimi depot.

Other depots which received products from its storage facility include Satelite depot with 1,609,960 litres; Ilorin-636,992 litres; Ore-365,000 litres; Ibadan-539,955 litres; Gombe-2,101,742 litres; Benin-1,375,993 litres; Port Harcourt-1,151,811 litres; Aba-840,951 litres; and Enugu-1,399,716 litres. Warri, he noted, received no products for the day.

 

[ThisDay]