• Oil & Gas - News
  • Updated: December 01, 2022

Fuel Scarcity: We Have Two Billion Litres Of Fuel In Store, Says NNPC

Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that it has two billion litres of Premium Motor Spirit (PMS) in stock.

This is contained in a statement made by Adeyemi Adetunji, Executive Vice President, Downstream, NNPC Limited.

According to Adetunji, an inventory of more than two billion litres is adequate for more than 30 days.

He stated that in order to reduce gasoline lines, NNPC has scheduled ships and trucks to travel to unoccupied depots while closely monitoring large-scale loadouts from depots to states.

“The recent queues in Lagos are largely due to ongoing road infrastructure projects around Apapa and access road challenges in Lagos.

“The gridlock is easing out and NNPC Ltd has programmed vessels and trucks to unconstrained depots and massive loadouts from depots to states are closely monitored,” he said.

Adetunji said that the difficulties experienced in Lagos had an effect on Abuja and that NNPC retail and important marketers have increased dedicated loading into Abuja to restore order.

“We want to reassure Nigerians that NNPC has sufficient products and we significantly increased product loading in selected depots and extended hours at strategic stations to ensure sufficiency nationwide.

“We are also working with industry stakeholders to ensure normalcy is returned as soon as possible,” he said.

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Lawrence Agbo
Lawrence Agbo

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