…. grows March 2023 sufficiency to 47 days
On Saturday, NNPC Limited assured all Nigerians of a steady supply of Premium Motor Spirit (PMS), also known as petrol.
According to a statement from NNPC Limited’s Chief Corporate Communications Officer, Garba Deen Muhammad, there were 2.1 billion litres of PMS stock as of March 4, 2023, which is equivalent to 35 days’ worth. Of this amount, 0.9 billion litres are stored in all national land depots, and 12 billion litres are stored on marine vessels.
“We plan to close the month of March 2023 with about 2.8 billion litres, which is equivalent to 47 days’ sufficiency, Muhammad said.
He further said that the appearance of pockets of queues in Abuja and some parts of the country is largely due to restrictions on businesses and movement to allow for the conduct of the presidential and NASS elections and enable Nigerians to exercise their civic rights.
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,” the statement concluded.
