NNPC to import 100 million litres daily in bid to curb Fuel scarcity
Written by Morenike Adebayo on February 9, 2018
The Nigerian National Petroleum Corporation has announced that it has programmed to bring in two cargoes of petrol per day for the rest of this month in order to boost supply and eradicate the fuel queues that had resurfaced in many cities across the country.
It said each of the cargoes will carry 50 million litres of petrol, making a total of 100 million litres that will be brought in daily for the rest of February to increase supply and replenish strategic reserves. The corporation said this in a statement issued by its Group General Manager, Group Public Affairs Division, Ndu Ughamadu, in Abuja on Thursday.
It stated that prior to the discharge of 45 million litres on Wednesday; there were 324 million litres of petrol on land and 432 million litres in marine storage, making a total of 756 million litres, enough to last for 22 days at 35 million litres daily consumption rate.
It further stated that to ensure efficient distribution of the product to depots in the hinterland, the Nigerian Pipeline and Storage Company, a midstream subsidiary of the NNPC, has been mandated to fix relevant pipelines to facilitate seamless pumping, in addition to the trucking arrangement that was in place.
The corporation assured motorists and other users of petrol that with the measures in place, the fuel queues being experienced in many cities will soon be a thing of the past.
NNPC to build one hundred and nine new fuel stations
Written by Taiwo Adediran on January 18, 2016
The Nigerian National Petroleum Corporation (NNPC) has disclosed plans to expand the market share of its retail business from the current twelve per cent to an appreciable level by building a mega station in every Senatorial district in the country in the months ahead. In a statement by its spokesman, Ohi Alegbe, the Corporation’s move was part of efforts to expand its retail outlets across the country to ensure efficient distribution and country-wide penetration of petroleum products.
The NNPC, which had already commenced nationwide consultation with stakeholders aimed at getting support for the planned project, maintained that the project will go a long way in ensuring product availability across all parts of the country.