Petrol storage tanks
Abuja Nigeria – The Nigerian National Petroleum Corporation (NNPC) had announced on Tuesday that it had stored over two billion liters of Premium Motor Spirit, also known as petrol, to ensure a hitch-free end-of-year movement of motorists. Knowing that the end-of-year period had been hitherto characterized by scarcity of fuel due to supply and demand disequilibrium.
In a Statement which was issued by the NNPC’s spokesman, Ndu Ughamadu” the NNPC has over two billion liters of petrol and we want to sustain this level from now on up until the end of the year and beyond. According to him, the volume will give the country product sufficiency of about 60days which above the Standard 30 days sufficiency threshold.
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NNPC Group Managing Director, Maikanti Baru, said adequate measures were in place to ensure that motorists had access to fuel ahead of the end-of-year festivities.
Also, that the provision of adequate petroleum products would not only ease transportation but also make the roads safer for motorists, adding that consumers would have no need to hoard fuel in jerry cans.
