The Nigerian National Petroleum Company Limited (NNPCL) has assured Nigerians of a supply of 1.805 billion litres of Premium Motor Spirit (PMS) known as petrol to cater for 30 days.
The National oil firm further said that an additional supply of 884 million litres will be delivered by February 28, 2023 while 2.3 billion litres is anticipated in the month of March.
The expected supply and current stock were revealed in a statement issued by the Chief Corporate Communications Officer of NNPC, Malam Garba Deen Muhammad, on Monday in Abuja.
Oil marketers had recently raised alarm over shortage of petrol supply by NNPCL and its depots which might intensify the heat of fuel scarcity, Investors King recalls.
NNPCL was urged to improve petrol supplies across the nation for circulation of the PMS to consumers.
Giving the breakdown of the petrol in stock, Muhammad said 805.35 million litres are in land depots across the country while over one billion litres are inside vessels, estimated as 1.805 billion litres available for circulation.
He assured citizens of NNPCL’s commitment to adequately provide petroleum products while urging motorists to be at rest as sufficient petrol will be made available.
The statement reads in part, “in its concerted efforts to sustain the supply of petroleum products nationwide, NNPC Limited has emplaced a robust plan for the supply of Premium Motor Spirit (PMS), also known as petrol), from mid-February to March 2023.
“Latest updates released on Monday show that NNPC Limited has a total of 1.805 billion litres of PMS stock, representing 805.35 million litres in all the land depots nationwide and 1,000.20 million litres on marine vessels, which is equivalent to 30.09 days sufficiency.
“An additional PMS supply of 884 Million Liters is also expected into the country by 28th February 2023. For March 2023, a total of 2.3 billion litres of PMS is expected into the country, while about 2.5 billion litres, which is equivalent to 42 days sufficiency, will be the closing stock for the month under review.”