It was made known that the Nigerian National Petroleum Corporation (NNPC) and its downstream subsidiary, the Pipelines and Products Marketing Company (PPMC), said they had 1.2 billion litres of petrol in stock.
This is contained in a statement issued in Abuja on Thursday by Mr Ohi Alegbe, Group General Manager, Group Public Affairs Department, NNPC. The statement stated that the figure translated to 31 days sufficiency, going by the 40 million litres daily consumption of the product in the country.
It explained that the Managing Director of PPMC, Mr Haruna Momoh, made the announcement in Abuja. It quoted Haruna as saying that “21 additional vessels laden with petroleum products are in offshore Lagos waiting to berth.
“NNPC has made adequate arrangements to ensure energy sufficiency in the country and reassured motorists that the noticeable queues at the filling stations would thin out in the days ahead”.
Momoh said that the NNPC also had 21 days sufficiency of Automotive Gas Oil (AGO) otherwise known as diesel and 18 days sufficiency of Dual Purpose Kerosene (DPK), otherwise known as kerosene.
He said that as part of efforts to ensure petroleum products’ sufficiency and distribution, the NNPC embarked on aggressive Reception Depots rehabilitation in 2011.
“As at today, 18 depots out of the 23 depots have been fully recovered with the exception of Makurdi, Yola and Maiduguri due to the activities of pipeline vandals,” he said.