There Is Sufficient Fuel To Meet Domestic Demand – NNPC

The Nigerian National Petro­leum Corporation (NNPC) has assured the public that it has sufficient quantity of petrol in stock to satisfy the nation’s domestic requirement, adding that the prevailing fuel queues in some major cities across the country have nothing to do with the shortage of petroleum prod­ucts.

Executive Director, Commercial at the Pipeline and Products Market­ing Company (PPMC), Justine Ezeala, said  a projected vol­ume of 1.4 billion litres of pet­rol are available for distribu­tion to fuel stations across the country all through the month of November.

“NNPC Retail has 513 retail outlets all over the country and the strategy is that everyone of these stations is designed to have products at all times. In addition, we have decided that most of the mega stations will adopt 24 hours operation model and where, for security reasons, that cannot be met, we are going to have extended hours of operation in such lo­cation starting from 5am till about 10pm daily,” he said.

He responded on the IPMAN allegation on high price at the depots, he said, “I am only worried about what is within my control and the facts I have on ground. I have seen reports in different quarters and I hope you know that IPMAN is fac­tionalised and we have been getting reports from two differ­ent factions. All the GMD has encouraged IPMAN to do is to come together as a group and reconcile their differences.

“Now, those kinds of state­ments send panic among the people, but what I am saying is to ask the Nigerian people to listen to the official source, which is NNPC and its subsid­iaries. I have the responsibility to tell you what officially the position is. I want to tell you pressmen and Nigerians to dis­regard that source.

If I don’t have a product, I will tell you I don’t have a product and you and I would prepared for the worst sce­nario. I am not going to sit here and tell you I have product if I don’t have. I am telling you what I have and the volume that is coming in November.”