9 February 2018

Nigeria: NNPC to End Fuel Scarcity With 100m Litres Daily Supply

Nigerian National Petroleum Corporation (NNPC) said it plans to bring in two cargoes of petrol per day for the rest of February 2018 to ensure sufficient supply of the product across the country. Each of the two cargoes contains 50 million litres making a total of 100 million litres that will be brought in to increase supply and replenish strategic reserves, a statement from the Corporation explained.

The statement signed by the Corporation's spokesperson, Ndi Ughamadu, said the move is designed to keep the country wet with petrol and eradicate the fuel queues that have resurfaced in some cities. The statement further explained that to enhance supply, 45 million litres of petrol was discharged from ships into jetties across the country on Wednesday.

"Prior to the fresh 45 million litres discharge, there was 324 million litres of petrol on land and 432 million litres in marine storage making a total of 756 million litres, enough to last for 22 days at 35 million daily consumption rate. "The jetties that received the 45 million litres shipments include Nacj, Apapa; Bop, Apapa; Techo Jetty, Lagos; Dutchess, Oghara; Vine Jetty, Calabar; Chipet Jetty, Lagos; and ECM Jetty, Calabar."

The statement added that in order to ensure efficient distribution of the product to depots in the hinterland, the Nigerian Pipeline and Storage Company (NPSC), a midstream subsidiary of the NNPC, has been mandated to fix relevant pipelines to facilitate seamless pumping, in addition to massive trucking arrangement that is in place. The corporation assures that with the measures in place, fuel queues being experienced in some cities would soon be a thing of the past.

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