NNPC to raise its petrol stock levels to 50 days supply sufficiency

The Nigerian National Petroleum Corporation (NNPC) Wednesday said it would raise the level of current petrol stock from 45 to 50 days, stating that this should provide adequate supply buffer for the country going into the impending Christmas and New Year season.

A statement from the Group General Manager Public Affairs of the NNPC, Mr. Ndu Ughamadu, quoted the Managing Director of PPMC, Mr. Umar Ajiya, to have said the NNPC and PPMC have built up adequate stock of petrol and other products, and that their petrol stock alone would last about 45 days even in the absence of fresh supplies.

But he stressed that their target was to get the sufficiency level to 50 days. “We have 2.2 billion litres of petrol, 1.1 billion on land and 1.1 billion on marine, 800 million litres in PPMC depots in addition to 27-day sufficiency of AGO, 98-day sufficiency of ATK and 48-day sufficiency of DPK,” Ajiya said.

Source: THIS DAY

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