February 3, 2023

We Have Over 2billion Litres Of PMS In Stock – NNPCL

2 min read

….Blames situation on road projects

The Nigerian National Petroleum Company Limited (NNPC) has blamed the fuel queues in Lagos State and Abuja on some construction projects going on in the state.

NNPC’s Executive Vice President, Downstream, Mister Adeyemi Adetunji, gave this explanation while addressing a news conference in Abuja on Tuesday.

“The recent queues in Lagos are largely due to ongoing road infrastructure projects around Apapa and access road challenges in some parts of Lagos depots,” he said.

“The gridlock is easing out and NNPC has programmed vessels and trucks to unconstrained depots and massive load outs from depots to various states are closely being monitored.”

“Abuja is impacted by the challenges recorded in Lagos. NNPC Retail and key marketers have intensified dedicated loading into Abuja to restore normalcy as soon as possible.”

But he assured Nigerians that efforts are ongoing to ensure that normalcy returns as soon as possible.

“We want to reassure all Nigerians that NNPC has sufficient products, and we significantly increased product loading including 24-hour operations in selected depots and extended hours at strategic stations to ensure products sufficiency nationwide,” he assured.

“We are also working with the NMDPRA, MOMAN, DAPPMAN, IPMAN, NARTO, PTD, and other industry stakeholders to ensure normalcy is returned.”

The NNPC, he added, has a “national PMS stock of over 2 billion liters. This is equivalent to over 30 days of sufficiency”.

The government has said payment of fuel subsidy is unstainable and has planned its removal for next year, a move that is sure to face pushback.

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