Fuel scarcity: NNPC has 2bn litres in stock, says Coy

The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has two billion liters of Premium Motor Spirit (PMS) in stock.

This is contained in a statement issued by Mr. Adeyemi Adetunji, Executive Vice President, Downstream, NNPC Limited.

Adetunji said the stock of over two billion liters is equivalent to over 30 days' sufficiency.

The NNPC, he said, has programmed vessels and trucks to unconstrained depots, while massive loadouts from depots to states are closely monitored to ease fuel queues.

"The recent queues in Lagos are largely due to ongoing road infrastructure projects around Apapa and access road challenges in Lagos."

"The gridlock is easing out, and NNPC Ltd. has programmed vessels and trucks to unconstrained depots, and massive loadouts from depots to states are closely monitored," he said.

Adetunji said that Abuja was impacted by the challenges recorded in Lagos, adding that NNPC retail and key marketers had intensified dedicated loading into Abuja to restore normalcy.

"We want to reassure Nigerians that NNPC has sufficient products, and we have significantly increased product loading in selected depots and extended hours at strategic stations to ensure sufficient supplies nationwide."

"We are also working with industry stakeholders to ensure normalcy is restored as soon as possible," he said.