Fuel Scarcity: We have 1.2bn litres of petrol in stock, says NNPC | Welcome to Linda Ikeji's Blog

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Friday 8 May 2015

Fuel Scarcity: We have 1.2bn litres of petrol in stock, says NNPC

 
The Nigerian National Petroleum Corporation (NNPC) and its downstream subsidiary, the Pipelines and Products Marketing Company (PPMC), said they had 1.2 billion litres of petrol in stock. This is contained in a statement issued in Abuja on Thursday by Mr Ohi Alegbe, Group General Manager, Group Public Affairs Department, NNPC.

The statement stated that the figure translated to 31 days sufficiency, going by the 40 million litres daily consumption of the product in the country. It explained that the Managing Director of PPMC, Mr Haruna Momoh, made the announcement in Abuja. It quoted Haruna as saying that “21 additional vessels laden with petroleum products are in offshore Lagos waiting to berth.

“NNPC has made adequate arrangements to ensure energy sufficiency in the country and reassured motorists that the noticeable queues at the filling stations would thin out in the days ahead”.

Momoh said that the NNPC also had 21 days sufficiency of Automotive Gas Oil (AGO) otherwise known as diesel and 18 days sufficiency of Dual Purpose Kerosene (DPK), otherwise known as kerosene.

He said that as part of efforts to ensure petroleum products’ sufficiency and distribution, the NNPC embarked on aggressive Reception Depots rehabilitation in 2011. “As at today, 18 depots out of the 23 depots have been fully recovered with the exception of Makurdi, Yola and Maiduguri due to the activities of pipeline vandals,” he said.

The PPMC MD disclosed that the corporation suffered petroleum products losses worth N40.8bn through pipeline vandalism in 2014. He said that no business could survive such a loss and still remained a growing concern. Momoh said there was a marginal increase in pipeline vandalism, stressing that in 2013, the corporation recorded 3,517 vandalised points but in 2014, the figure increased to 3, 774.

 He said that “as at today, 97 pipeline vandals are undergoing prosecution”. Momoh expressed regret that since the cases started a few years ago, none of the accused persons had been convicted for economic sabotage. He called on Nigerians from all walks of life, especially those living in communities where the pipelines run through, to protect them in national interest.

NAN

21 comments:

Unknown said...

Okay heard

Unknown said...

Dis is usually d syndrome wit Nigeria which r fuel scarcity in midst of abundance, and d prices going as much as double.

While those dat take pleasures in short changing our fuels via their illegal activities on our pipelines r never prosecuted accordingly.

Wht a shame dat we stil hav re-circles of syndromes of dis nature taking place daily, and goes uncheck. God help, and save us.

Unknown said...

Dis is usually d syndrome wit Nigeria which r fuel scarcity in midst of abundance, and d prices going as much as double.

While those dat take pleasures in short changing our fuels via their illegal activities on our pipelines r never prosecuted accordingly.

Wht a shame dat we stil hav re-circles of syndromes of dis nature taking place daily, and goes uncheck. God help, and save us.

Unknown said...

Then y the adverse scarcity?
BOLLOCKS!!!!

Blog It With Olivia said...

Ok














I Rep 27th May

chee said...

....so what? They wan drink am? Abeg release fuel for citizens

NaijaDeltaBabe said...

Dey shld hurry d hell up joo

Unknown said...

Jst do somtin fast abut dz issh.

Unknown said...

Make dis country less stressful than it already is pls

Damilola said...

Story for the gods. Cut it short and make fuel available asap

7F098C19 said...

We aren't talking about the scarcity any more. We talking abt the APAPA traffic. One of a kind. Engr Emy

Anonymous said...

I op its true oo...make every go baack to normal o
Ladies get your weight trimmed and feel young again in 9days with clean 9 .wasap moyo on 07066681022,we deliver anywher in nigeria.

Anonymous said...

WE NID FUEL OOOOOOOOOO....TOMJERRYSWIT

Unknown said...

Please the issue of fuel scarcity should be addressed

Anonymous said...

story for the gods

Unknown said...

so what are they waiting for?

Subomi said...

whats the statement for, release petrol for people !

baba fryo said...

na wa ooo.
independent markerters una money no dey finish wey federal government dey own una?

The Plus Blogs said...

1.2bn in the store, none on the streets...Naija we hail thee!

Unknown said...

Where s the petrol?

Unknown said...

Absolute rubbish....whereas pple are lined up in Fuel stations and black market selling pet as much as 250 per litr...

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