NNPC Has 1.8bn Litres of Petrol in Stock – Official

The Nigerian National Petroleum Company Limited (NNPCL) on Monday said it has 1.8 billion litres of petroleum in the country for February and March.

The NNPCL said this in a statement by its Chief Corporate Communications Officer, Garba Deen Muhammad.

The statement said in its concerted efforts to sustain the supply of petroleum products nationwide, NNPCL has put in a place a robust plan for the supply of Premium Motor Spirit (PMS) from mid-February to March.

It explained that its 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.

It noted that an additional PMS supply of 884 Million litres is also expected into the country by 28 February.

“For March 2023, a total of 2.3 billion litres of PMS is expected into the country, while about 2.5 billion litres, which is equivalent to 42 days of 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 the availability of petroleum products across the country,” it said.