1.9bn Litres of PMS To Sustain Nigerians For 32 Days
Minister of State for Petroleum Resources, Timipre Sylva, has briefed the Federal Executive Council (FEC) on the availability of 1.9 billion litres of petrol, saying that the quantity of fuel was enough to last the country for 32 days.
Senior Special Assistant to the President, Office of the Vice-President, Laolu Akande, also said at the end of the FEC session that Nigerian National Petroleum Corporation (NNPC) had embarked on 24-hour loading of petrol to address long queues at fuel stations.
He explained: “The minister informed the Council that there is enough stock – talking about 1.9 billion litres to last for 32 days. He also said that the NNPC is working 24 hours.
“There’s a 24-hour loading that is going on at all depots working with the Directorate of State Service and the Independent Petroleum Marketers Association of Nigeria to ensure that the situation improves significantly.’’
The fuel queues have reduced drastically in Abuja, Kaduna and some major cities in the last 48 hours.
A good number of fuel stations have started operating 24-hour services, it further reports.
Meanwhile, as cost of petrol reached $918.75 per tonnes in the global market, six more vessels have arrived the port with 114, 822 metric tonnes of Petroleum Motor Spirit (PMS) valued at 59billion ($105.5million) at the weekend.
Data by the Nigerian Ports Authority (NPA)’s shipping position revealed that Hellas Avatar has berthed at Bulk Oil Plant in Apapa with 24, 822 tonnes.
Also, Safe Sea, Sea Pearl, Mount Picton and Stellar have arrived Kirikiri Lighter Terminal Phase II and III with 20,000tonnes, 20,000tonnes, 15,000 tonnes and 20,000 tonnes respectively, while Errina arrived Warri Jetty on Monday with 15,000 tonnes.
It would be recalled that four vessels had previously offloaded 120, 365 tonnes (120,37 million litres) of PMS at the Lagos and Delta ports in the first week of the month.
The NPA’s shipping data revealed that MT Lorele 1 berthed at Pinacle Jetty in Lagos with 60, 365 tonnes of petrol.
Also, at Delta Port in Warri, Mosunmola was moored with 20,000 tonnes, Rising Sun, 20,000 tonnes and Tornado with 20,000 tonnes.
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