Stop panic buying, fuel not scarce, NNPC insists

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The Nigerian National Petroleum Corporation, NNPC, yesterday stated that it has enough stock of Premium Motor Spirit, PMS, also known as petrol, to serve the needs of Nigerians across the country for about 17 days and urged Nigerians to desist from panic buying of the product.
Speaking in Abuja on the fuel supply situation across the country, Executive Director, Commercial, Pipelines and Product Marketing Company, PPMC, Mr. Justin Ezeala, stated that the country currently has 656.376 million litres of PMS in its various storage platform, while it is expecting additional 756.99 million litres of the product before the end of November.



Giving a breakdown of the figures, Ezeala explained that 66.81 million litres are in PPMC depots; 117.48 million litres in PPMC throughputs depots; 427.971 million litres of marine stock and 44.112 million litres are in the depots of Major Oil Marketers Association of Nigeria, MOMAN.
In addition, he stated that 380.99 million litres are expected to be brought in by the PPMC through import, between now and the end of the November, while other marketers are expecting 376 million litres.


Vanguard 

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