The Nigerian National Petroleum Corporation (NNPC) has urged Nigerians to desist from panic buying of Premium Motor Spirit (PMS) also known as petrol, stating that it had enough stock to serve the needs of Nigerians across the country even in the next 17 days.
This was made known by the Executive Director, Commercial, Pipelines and Product Marketing Company (PPMC), Mr. Justin Ezeala, who was speaking in Abuja on the fuel supply situation across the country. He stated that the country currently has 656.376 million litres of PMS in its various storage platforms, and equally expecting additional 756.99 million litres of the product before the end of November.
Ezeala, while giving the breakdown of the figures, explained that 66.81 million litres are in PPMC depots; 117.48 million litres in PPMC throughputs depots; while 427.971 million litres of marine stock are with 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.
He maintained that the current stock available in its depots and reserves are enough to serve the country for 16 days, while the products that are being awaited in the next couple of days would serve the country for 35 days minimum, disclosing that the NNPC and the PPMC have increased fuel supply to Abuja and environs and also across the country and would lift about 180 truckloads of PMS to Abuja from about 135 trucks daily.
To this end, he encouraged Nigerians to avoid queuing for fuel if they have no urgent need to buy the product.
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