The NNPC Limited has reassured all Nigerians of a robust supply of Premium Motor Spirit (PMS), also known as petrol saying it plans to close the month of March 2023 with about 2.8 billion litres, which is equivalent to 47 days of sufficiency.
This is even as fresh scarcity of petrol has again hit the country with queues growing in virtually all filling stations that have the obviously scarce product.
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In Federal Capital Territory FCT Abuja, and indeed towns bordering it, most petrol stations have not opened for business for upwards of two weeks due to scarcity of the product, while queues are so discouraging on the few stations that have the product.
According to a statement signed by Garba Deen Muhammad, the Chief Corporate Communications Officer of NNPC Limited, the latest updates released on Saturday show a total of 2.1 billion litres of PMS stock, representing 0.9 billion litres in all the land depots nationwide and 1.2 billion litres on marine vessels, which is equivalent to 35 days sufficiency as of 4th March 2023.
“We plan to close the month of March 2023 with about 2.8 billion litres, which is equivalent to 47 days of sufficiency.
“The appearance of pockets of queues in Abuja and some parts of the country, is largely due to restrictions in bussineses and movement, to allow for the conduct of the Presidential and NASS elections and enable Nigerians to exercise their civic right. 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”.
