July 21, 2024

Fuel scarcity: NNPC has 1.8bn litres of petrol in stock for February, March- Garba-Deen

…grows March 2023 sufficiency to 42 days
Oredola Adeola
The Nigerian National Petroleum Company Limited (NNPCL) has claimed that it has in stock a total of 1.805 billion litres of Premium Motor Spirit (PMS), also known as petrol), equivalent to 30.09 days of sufficiency – from mid-February to March 2023- in stock.
Garba Deen Muhammad, NNPCL, Chief Corporate Communications Officer, made this known in a statement released on Monday and obtained by EnergyDay.
According to the statement, product sufficiency was part of NNPC’s concerted efforts to sustain the supply of petroleum products nationwide.
The NNPCL’s spokesperson said the national oil company has emplaced a robust plan for the supply of petrol from mid-February to March 2023.
He said, “As of Monday, February 21, 2023, NNPC Limited has a total of 1.805 billion litres of PMS stock, representing 805.35 million litres in all the land depots nationwide and 1,000.20 million litres on marine vessels, which is equivalent to 30.09 days sufficiency.
“An additional PMS supply of 884 Million Liters is also expected into the country by Tuesday, February 28, 2023,” he said.
Garba-Deen also noted that for March 2023, a total of 2.3 billion litres of PMS is expected in the country, while about 2.5 billion litres, which is equivalent to 42 days sufficiency, will be the closing stock for the month under review.
He also assured motorists that it has adequate and sufficient volumes on both land (all the depots) and marine vessels, adding that the NNPC Limited, as the provider of energy security for the country, will continue to sustain the availability of petroleum products across the country.