We have 2.1bn litres of petrol in stock, say NNPC

The Nigerian National Petroleum Company Limited (NNPCL) has said that it has no fewer than 2.1 billion of petrol motor spirit is in its stock, however, attributed fuel queues in Abuja and some parts of the country to restrictions of businesses and movement during the presidential and National Assembly elections

The Chief Corporate Communications Officer of NNPCL, Mr Garba Deen Muhammad, in a statement at the weekend said that as of Saturday, updates released showed a total of 2.1 billion litres of Premium Motor Spirit (PMS) stock.

The recently privatised petroleum company said operations had resumed at the depots and trucks were being dispatched to various parts of the country, appealing to citizens to avoid panic buying.

According to Muhammad, this represented 0.9 billion litres in all the land depots nationwide and 1.2 billion litres on marine vessels.

This, he said, was equivalent to 35 days of sufficiency as of March 4. Muhammad, while reassuring Nigerians of a robust supply of PMS, said the NNPCL planned to close the month of March with about 2.8 billion litres, equivalent to 47 days of sufficiency.

“The appearance of pockets of queues in Abuja and some parts of the country, is largely due to restrictions in businesses and movement, to allow for the conduct of the presidential and NASS elections to enable Nigerians to exercise their civic right.

“However, operations have now resumed at the depots and trucks are being dispatched to various parts of the country. We expect normalcy to be restored in the next few days.

“NNPC Ltd. and all its partners and stakeholders will continue to work together to ensure seamless distribution of petroleum products around the gubernatorial and State Assembly elections.

“We, therefore, enjoin Nigerians not to engage in panic buying,” he said. Despite improved supply across filing stations, pump prices of fuel vary across space. Some filing stations maintained prices above N200 per litre. Major marketers are however selling below N200.