NNPC begins operations to tackle scarcity

The Nigerian National Petroleum Company (NNPC) Limited said yesterday that Nigerians should avoid panic buying because the scarcity of petrol will soon be over.

The NNPC has commenced 24-hour operations at its depots and retail outlets in a bid to tackle the problem.

It said it has 1 billion litres of petrol ready for distribution and is expecting 2.3billion litres of Premium Motor Spirit (PMS), by the end of this month.

The Group Executive Director, Downstream, Mr Adetunji Adeyemi, said the expected stock would increase sufficiency to 30 days.

According to him, the supply disruptions and queues are a result of the discovery and subsequent quarantine of the methanol-blended cargoes of petrol.

Adeyemi said in a statement: “To address the situation, over 2.3 Billion litres will arrive in the country between now and the end of February 2022.

“This will restore the sufficiency level above the national target of 30 days.

“As of today (yesterday), NNPC has over one billion litres of petrol in stock, and the petrol being dispensed today at the various filling stations in the country is safe.”



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