… announces 1.5 bn litres of petrol stockpile to meet 30 days of supply
… cautions motorists against panic buying
Oredola Oredola
As part of measure to thin out supply issues and queues across the country, the Nigerian National Petroleum Company Limited (NNPCL) has announced a substantial stockpile of over 1.5 billion litres of Premium Motor Spirit (petrol) which it claimed is sufficient to meet over 30 days of suppl.
Olufemi Soneye Chief Corporate Communications Officer NNPC Ltd, made this known in a statement obtained by Advisors Reports on Tuesday.
Soneye further emphasised that at the moment, NNPCL has over 1.5 billion litres stock of PMS, which is equivalent to over 30 days sufficiency.
He also noted that the national oil company is also collaborating with the Nigeran Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector, security operatives, and other relevant downstream agencies to address hoarding and other unwholesome practices.
