We have 1.1b litres fuel stock, says NNPC

The Nigerian National Petroleum Corporation (NNPC) yesterday said  its subsidiary, the Pipelines and  Products Marketing Company (PPMC) presently has a stock level of 1.1billion litres of fuel representing 27 days sufficiency.

It stressed that the stock excludes volumes with confirmed delivery dates within the next couple of days.

NNPC Group Managing Director (GMD), Dr. Joseph Dawha , said the state-run oil firm is ready to work with all relevant stakeholders in the downstream sector of the oil and gas industry to bring to an end the lingering fuel scarcity across the country.

Its Group General Manager, Group Public Affairs Division, Mr. Ohi Alegbe, in a statement, explained that the NNPC boss spoke while on a tour of some filling stations in Abuja with top management staff of the Corporation.

Dawha noted that the NNPC as the supplier of last resort, has improved availability of petrol in the country and would ensure its effective distribution nationwide.

He said arising from the meeting with petroleum products marketing stakeholders last week, the NNPC and its downstream subsidiary PPMC is committed to bringing the fuel queue situation to an end in Abuja and across the other states of the federation.