Adedapo Adesanya
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited has announced that Nigerians can expect over 2 billion litres of Premium Motor Spirit (PMS), also known as petrol, to be supplied from mid-February to March.
The company’s Chief Corporate Communications Officer, Mr Garba Deen Muhammad, in a statement on Monday, noted that the plan is part of its concerted efforts to sustain the supply of petroleum products nationwide.
“Latest updates released on Monday show that 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,” the statement reads in part.
“An additional PMS supply of 884 Million Liters is also expected into the country by 28th February, 2023.
“For March 2023, a total of 2.3 billion litres of PMS is expected into 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 stated.
NNPC assured motorists that it has adequate and sufficient volumes on all land depots as well as marine vessels.
The company added that, as the provider of energy security for the country, it would continue to sustain the availability of petroleum products across the country.
Nigerians have been faced with a double whammy of cash crunch and fuel scarcity, which triggered widespread aggression, while President Muhammadu Buhari has consistently assured Nigerians of ease soon, the problems continue to linger.
Unlike the president, the CEO of the state oil company, Mr Mele Kyari, recently expressed a somewhat mixed assurance saying -“I’m not saying that you’re going to have zero queues within the next one week,”
“No, I can’t guarantee that because a number of things are out of our control,” he said.
The NNPC boss explained that market forces would determine how quickly the situation is resolved, but in his view, the country is going to see substantial and relative ease in one week compared to the situation at present.
