*As NNPC Raises Daily Supply To 80m litres
The Federal government has hinted of its efforts to take delivery of one billion litres of the product before end of December.
This is coming as the Nigerian National Petroleum Corporation (NNPC) said it has doubled its supply and distribution efforts, raising nationwide distribution to 80 million litres a day as against the 30 million litres a day supply before the present crisis started.
NNPC Group Managing Director, Dr. Maikanti Baru, while confirming this said the corporation doubled the daily supply of petrol from 700 trucks (about 27million – 30 million litres) per day supply to 80 million litres per day since the current hiccup in the supply chain was noticed a few days back.
Baru, who disclosed this shortly before the signing ceremony of a memorandum of understanding (MoU) between the Corporation and the Benue State Government on the Agasha-Guma Bio-fuels Projects in Abuja, attributed the hiccup in the supply of PMS to rumours about a planned increase in the price of petrol.
He blamed marketers for the scarcity, saying some of them, in their quest to cash in on the situation, suddenly started hoarding products, but “we (the corporation) swiftly swung into action by doubling our supply nationwide.”
The NNPC boss further revealed that at the time the rumour started, the corporation had about 30-day sufficiency, adding that the normal daily supply to the nation was 700 trucks, equaling about 27 million -30 million litres per day.
According to him, presently, the NNPC had enough products to supply the country for up to 30 days.
Baru further revealed that cargoes carrying at least one billion litres of petrol were heading to Nigerian shores at the end of December, which, he said, would return the country to a 30-day-plus sufficiency.
He expressed joy at PENGASSAN’s suspension of its planned strike and called on motorists not to engage in panic buying as the corporation had more than enough products for domestic consumption, even as he gave the assurance that the fuel situation would soon fizzle out this week.
Baru warned marketers against hoarding, stressing that any filling station found wanting in this regard would lose its entire products to motorists.
He commended NNPC’s sister agencies, the Department of Petroleum Resources (DPR) and Petroleum Products Pricing Regulatory Agency (PPPRA), for their support in helping NNPC to tackle the menace of hoarding by filling stations.
This is, however, coming as the scarcity in Lagos has caused a hike in transport fares by up to 150 per cent.
Our correspondent who monitored the situation observed that most filling stations are fast running out of stock as long queues continue to build up, creating serious traffic squeeze in the metropolis.