Country has 1.7b litres of petrol in stock, says NNPC

As Christians celebrate Easter, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, said the country has over 1.7 billion litres of Premium Motor Spirit (PMS) in stock.

Assuring that the product is enough to meet demand over the next 35 days, Baru reaffirmed their readiness to ensure adequate supply all over the country during the Easter holidays and beyond.

Baru, who gave the assurance immediately after being conferred with a ‘Distinguished Merit Award’ by the Association of Business Managers and Administrators of Nigeria in Abuja, stated that plans were afoot to increase the stock to 2.4 billion litres by the end of this month.

A press release by the NNPC Group General Manager, Group Public Affairs, Ndu Ughamadu, stated that NNPC was responsible for 75 per cent of gas supply to power plants in the country to the tune of over 300 million standard cubic feet (scf) of gas per day.

Baru dedicated the award to President Buhari for his support for the oil and gas industry.

Speaking earlier, Registrar of the association, Ike Christopher, said Baru was selected for the award because of his role in the disappearance of fuel queues from fuel stations, especially during last Christmas and New Year festivities.