Fuel Queues: We Have Excess of 2.5 Billion Liters, with over 43 Days Sufficiency - NNPC

 

Alt: = "Fuel queue in Abuja"

The Nigerian National Petroleum Company Ltd, NNPC has assured Nigerians that it has ample local supplies and national stock of fuel in excess of 2.5 billion liters that is sufficient  for more than 43 days.

“We assure all residents of the FCT, and indeed all Nigerians, that we have ample local supplies and national stock in excess of 2.5 billion liters, with sufficiency of more than 43 days.”

NNPC said this in a press statement released on Sunday, following the reappearance of fuel queues at fuel stations in the Federal Capital Territory, Abuja.

The company attributed the queues to “low loadouts at depots” as a result of long Sallah holiday

“The NNPC Ltd  notes the sudden appearance of fuel queues in parts of Abuja. This is very likely due to low loadouts at depots which usually happen during long public holidays, in this case, the Sallah celebrations.”

In the statement signed by Garba Deen Muhammad, GGM, GPAD, NNPC Ltd advised motorist in FCT  and indeed across the nation not to engage in panic buying, promising that "NNPC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority ( NMDPRA) in conjunction with our marketing partners have taken necessary measures to ramp up loadouts from all depots." 

"The NNPC Ltd hereby advises motorist not to engage in panic buying as supplies are adequate as will become increasingly evident in the  coming days."

Read the full press release:

MILD FUEL QUEUES IN ABUJA

The NNPC Ltd  notes the sudden appearance of fuel queues in parts of Abuja. This is very likely due to low loadouts at depots which usually happen during long public holidays, in this case, the Sallah celebrations. 

Another contributing factor to the sudden appearances of queues is the increased fuel purchases which is also usual with returning residents of the FCT from the public holidays. 

NNPC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority ( NMDPRA) in conjunction with our marketing partners have taken necessary measures to ramp up loadouts from all depots. 

We assure all residents of the FCT, and indeed all Nigerians, that we have ample local supplies and national stock in excess of 2.5 billion liters, with sufficiency of more than 43 days. 

The NNPC Ltd hereby advises motorist not to engage in panic buying as supplies are adequate as will become increasingly evident in the  coming days.

Garba Deen Muhammad,

GGM, GPAD,

NNPC Ltd

Abuja.

08.05.2022

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