The Nigerian National Petroleum Corporation (NNPC) at the weekend said it has in stock a robust inland supply of over 1.2 billion litres of petrol.
According to a statement signed by Ndu Ughamadu, NNPC’s
group general manager
group public affairs division,
this amount is sufficient for more than 34 days of national consumption.
The corporation’s product supply outlook for March to May 2017 shows that steps have been taken to ensure adequate supply of diesel and aviation fuel.
For Automotive Gas Oil and Aviation Turbine Kerosene, NNPC will continue to import to supplement local refining.
Also, the Central Bank of Nigeria has released foreign exchange to marketers to import AGO and ATK.
In addition, NNPC said it has re-commissioned its strategic 479.2 kilometres System 2B petroleum products pipeline network which stretches from the Atlas Cove-Mosimi-Ejigbo-Ibadan, terminating at Ilorin.
This development is expected to enhance effective distribution of petroleum products nationwide, especially with the envisaged resumption of loading activities at the Mosimi, Ejigbo and Ibadan depots.
NNPC also confirmed that he Calabar and Aba depots have been stocked with AGO while AGO loadout at Kano depot would commence soon.
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