Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Government approves 1.85m tonnes of fuel import allocation for 2 quarters

22 April 2014, 11:34

Abuja- The federal government has approved 1.85 million tonnes of petrol import allocation for two quarters covering January to June

The Minister of Petroleum Resources, Diezani Alison-Madueke, stated this in a statement issued by the Group General Manager, Group Public Affairs Division of the NNPC, Ohi Alegbe, in Abuja.

The statement said the minister also declared operation zero fuel queues and established structures to ensure round the clock availability of petrol across the country

It said the minister had put in place measures to ensure full compliance with the aspiration of zero fuel queues across the country.

“Under the arrangement, the minister has approved the allocation of a total volume of 1.85 million metric tonnes of petrol as supplementary volumes for first quarters 2014 and second quarter 2014 June only delivery.

“The supplementary volume for first quarter quota is 750 000 metric tonnes and the second quarter June only volume is 1.11million metric tonnes,” it stated.

The statement said the first quarter supplementary volume was designed to complement the earlier allocation in addition to covering any under delivery by marketers due to unforeseen financial challenges.

It said second quarter (June only) quota was in consonance with the national consumption pattern of 40 million litres per day.       

It also noted that the second quarter quota also captured a 23 percent upper tolerance in the event of default or slippage into July.

"There are 27 oil marketing companies with proven performance records enlisted in respect of Q1 deliveries.

"For Q2, there are 40 marketers with good performance records and whose facilities are functional.

It said the ministry was working in concert with other relevant downstream operators to ensure the realisation of the zero fuel queues aspiration of the minister.

-   NAN

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...