The Nigerian National Petroleum Corporation (NNPC) on Tuesday announced that it had stored over two billion litres of Premium Motor Spirit, also known as petrol, to ensure a hitch-free end-of-year movement of motorists.
Ndu Ughamadu, the Spokesman for the Commission, made this known in a statement issued on Tuesday.
In the statemnt, the commission said its decision to keep a robust product stock became imperative as the period coincides with the Christian Christmas celebration, which is sometimes characterised by supply and demand disequilibrium.
Speaking at the weekend after his investiture as Honourary Special Marshal by the Federal Road Safety Corps (FRSC), the Group Managing Director of the Corporation, Maikanti Baru, assured that adequate measures were in place to ensure that motorists have unimpeded access to fuel ahead of the forthcoming end-of-year festivities.
Mr. Baru said provision of adequate petroleum products would not only ease transportation but would also make our roads safer for motorists, just as other consumers too would have no need to hoard highly inflammable products in jerry cans, among others, which may pose as safety challenge to them.
“As we speak, NNPC has over two billion litres of petrol and we want to sustain this level from now on till the end of the year and beyond. This volume would give the country product sufficiency of about 60 days, well above the standard 30 days sufficiency threshold,’’ Mr. Baru said.
Describing his investiture as an eloquent testament of the Corporation’s long standing commitment to road safety and support for the FRSC, the GMD said NNPC would remain unwavering in its backing of the FRSC towards achieving its mandate of making our roads safer for motorists and other road users.