ECONOMY

NNPC has 1.8bn litres of petrol in stock – Spokesman

Published

2 years ago

February 20, 2023

Ella Anokam

Recruitment: NNPC to hold CBT for shortlisted candidates June 1

The Nigerian National Petroleum Company Ltd., (NNPC Ltd.) says it has 1.805 billion litres of petrol in stock.

Its spokesman, Malam Garbadeen Muhammad, stated in Abuja on Monday that the volume of petrol in stock would last for 30 days.

He explained that 805.35 million litres of the product were in depots nationwide, while one billion litres were still inside vessels.

He added that in is efforts to ensure steady supply NNPC Ltd. placed a robust plan for the supply of petrol from mid-February to March 2023.

“An additional petrol supply of 884 million litres is also expected by Feb. 28.

“For March 2023, a total of 2.3 billion litres of petrol is expected, while about 2.5 billion litres, equivalent to 42 days sufficiency, will be the closing stock for the month,” Muhammad stated.

Related Topics:

Up Next

Equity market: Capitalisation gains N228bn

Don't Miss

Police Zone 17 gets new AIG

Ella Anokam

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.