The Nigerian National Petroleum Corporation (NNPC) has 21 days sufficiency of Premium Motor Spirit (PMS) otherwise called petrol. The 21 day sufficiency of petrol translates into 750million litres of the white product.
The Corporation has also increased the amount of PMS truck supplies to cities across the country, with Abuja receiving additional 100 trucks of petrol from its normal 70 trucks daily supply. Lagos is being supplied 300 trucks of petrol daily. The PMS stock is also boosted by supplies from Port Harcourt Refinery as well as Kaduna Refining and Petrochemical Company which are autonomous business units of the Corporation.
With the call-off of the warning strike by the Petroleum & Natural Gas Senior Staff Association of Nigeria (PENGASSAN), NNPC wishes to assure motorists and Nigeria that normalcy would soon be restored in all parts of the country.
NNPC enjoins motorists and other consumers of petroleum products to desist from panic buying, while also warning marketers not to engage in hoarding as defaulters would be prosecuted. It will be recalled that scarcity of PMS resurfaced in some parts of the country with marketers and NNPC disagreeing on the availability of the products which NNPC claimed was being hoarded by some unscrupulous marketers.