The Nigerian National Petroleum Company Limited (NNPCL) announced yesterday that it has 1.8 billion litres of Premium Motor Spirit (PMS) or petrol stock that will last 42 days.
The company said in an announcement in Abuja that it expects 2.5 billion litres next month.
The company assured motorists that it has adequate volumes on land (all depots) and on sea.
According to the statement, the NNPCL will continue to ensure the availability of petroleum products across the country.
The statement reads in part: “In its concerted efforts to sustain the supply of petroleum products nationwide, the NNPC Limited has implaced a robust plan for the supply of Premium Motor Spirit (PMS), also known as petrol), from mid-February to March 2023.
“Latest updates released on Monday show that NNPC Limited has a total of 1.805 billion litres of PMS stock, representing 805.35 million litres in all the land depots nationwide and 1,000.20 million litres on marine vessels, which is equivalent to 30.09 days sufficiency.
“An additional PMS supply of 884 million litres is also expected into the country by 28th February, 2023. For March 2023, a total of 2.3 billion litres of PMS is expected into the country, while about 2.5billion litres, which is equivalent to 42 days sufficiency, will be the closing stock for the month under review.”
“While assuring motorists that it has adequate and sufficient volumes on both land (all the depots) and marine vessels, the NNPC Limited, as the provider of energy security for the country, will continue to sustain availability of petroleum products across the country.”
