Fuel scarcity unlikely during Xmas – NNPC

The Nigerian National Petroleum Corporation (NNPC) has assured the public that there will not be scarcity of Premium Motor Spirit (PMS), aka petrol, during the Yuletide season.

The corporation believes that the over two billion liters it has stocked up will be enough to saturate the market during this year’s Christmas season.

It said the end-of-year period had hitherto been characterized by scarcity of fuel due to supply and demand disequilibrium.

Speaking after his investiture as a special marshal by the Federal Road Safety Corps, the Group Managing Director of NNPC, Maikanti Baru, said adequate measures are in place to ensure that motorists had unimpeded access to fuel ahead of the end-of-year festivities.

Baru said the provision of adequate petroleum products would not only ease transportation but also make the roads safer for motorists, adding that consumers would have no need to hoard fuel in jerry cans.

He was quoted in a statement issued by the corporation’s spokesperson, Mr. Ndu Ughamadu, as saying: “As we speak, the NNPC has over two billion liters of petrol and we want to sustain this level from now, up until the end of the year and beyond. This volume will give the country product sufficiency of about 60 days, well above the standard 30 days sufficiency threshold.”

 

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