The Nigerian National Petroleum Company Limited, NNPCL, has assured Nigerians of adequate supply of Petroleum Motor Spirit, PMS, also know as petrol for the next 47 days, covering the entire month of March and beyond.
The company said, in a statement by its Chief Corporate Communications Officer, Garba Deen Muhammad that latest updates released last Saturday showed 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,” NNPCL said.
The company explained that the appearance of pockets of queues in Abuja and some parts of the country, is largely due to restrictions in businesses and movement, to allow for the conduct of the Presidential and National Assembly elections and enable Nigerians to exercise their civic right.
It however noted that 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,” it said.
