The Nigerian National Petroleum
Corporation (NNPC) has 1.1 billion litres of petrol in stock to ease the
current fuel scarcity nationwide, Dr Joseph Dawha, the NNPC Group
Managing Director said on Thursday.
“As today, Thursday, June 11, 2015,
PPMC/PPMC has Premium Motor Spirit (PMS) stock level of 1.1 billion
litres, representing 27 days sufficiency.”
“This stock is excluding volumes with firmed delivery Laycans (dates) within the next couple of days.”
“With this level of stock, we have
intensified our vessels and trucking operations to ensure that PMS is
available at our inland depots and retail outlets nationwide,” he said.
According to him, NNPC, through its
subsidiary, NNPC Retail Ltd., has embarked on massive PMS lifting to its
mega and affiliate stations in Abuja and across the nation.
“In the last five days, we have brought
into Abuja 428 trucks of PMS, averaging 85 trucks daily to address the
PMS requirement in Abuja and its immediate environs,” he said.
Dawha said NNPC/PPMC was committed to
ending the fuel queues in Abuja and across the states by the weekend in
collaboration with the major marketers and other stakeholders.
“Evidence has begun to emerge in the
last two days as most of our stations are wet and the severity of the
queues has started to reduce,” the NNPC chief said.
He said this was sequel to the Federal Government’s meeting with the oil marketers and other stakeholders on June 5.
“We have taken steps, as supplier of
last resort, to improve availability of PMS in the country and ensure
its effective distribution nationwide.”
“The supply and distribution efforts
must be sustained with the support and cooperation of our stakeholders
in the downstream and government agencies, such as police, army, Nigeria
Security and Civil Defence Corp (NSCDC).”
“We are optimistic that we can put this ugly experience behind us,” he said.
Dawha appealed to the public not to engage in panic buying, hoarding or patronising the black market operators.
He also urged all major and independent
marketers, Depot and Petroleum Marketers Association (DAPPMA) and other
stakeholders to deliver their PMS allocation as given by the Petroleum
Products Pricing Regulatory Agency.
The NNPC chief said this would further assist in stabilising the system.
He also reminded them of the commitment
made during the stakeholders’ meeting at the Ministry of Petroleum to
deliver the agreed number of trucks to Abuja daily.
NAN
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