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NNPC dissuades public from hoarding fuel products

12 June 2015, 07:51 Augustine Osayande

Abuja - The Nigerian National Petroleum Corporation (NNPC) has reiterated its appeal to the public to desist from panic buying of such products, insisting it had enough stock to last the country for some weeks.

Executives discouraged the hoarding or patronizing of black marketers, urging stakeholders to sustain the supply and distribution of petroleum products across the country.

“The PPMC has a stock level of 1,1 billion litres representing 27 days sufficiency stressing that the stock excludes volumes with confirmed delivery dates within the next couple of days,” Group Managing Director of the NNPC, Joseph Dawha, said.

He revealed that the corporation through its subsidiary, NNPC Retail Limited has embarked on massive petrol lifting to its mega and affiliate stations in Abuja and across the nation.

Also Read:NNPC denies owing Lutin N95bn

“In the last five days, we have brought into Abuja 428 trucks of premium motor spirit, averaging 85 trucks daily to address the petrol requirement in Abuja and its immediate environs,” Dawha said.

Meanwhile, the corporation expressed its readiness to work with all relevant stakeholders in the downstream sector of the oil and gas industry to ensure regular supply of the product.

Dahwa stated this during an inspection of some filling stations in Abuja where some top management staff of the corporation accompanied him.

He noted that the NNPC as supplier of last resort, had improved availability of premium motor spirit otherwise known as petrol in the country and would ensure effective distribution of the product nationwide.

Dawha added that the NNPC and its downstream subsidiary, Pipelines and Products Marketing Company (PPMC), were committed to bringing the fuel queues in Abuja and across the states of the federation to an end.

- CAJ News

Tags nnpc fuel

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