x

Queues persist as petrol stock dips by 5.48m litres

The Nigerian National Petroleum Company Limited’s stock of Premium Motor Spirit, popularly called petrol, dipped by 5,481,239 litres, according to industry data released on Tuesday.

Although the drop in PMS stock was marginal, queues for petrol persisted in Abuja, Nasarawa, Niger and some other northern states.

Figures obtained from the Nigerian Midstream and Downstream Petroleum Regulatory Authority on Tuesday indicated that the total PMS stock of NNPC as at November 6, 2022 was 1,912,725,464 litres.

This dipped to 1,907,244,225 litres on November 7, 2022, indicating a drop of 5,481,239 litres, while the total days’ sufficiency was 30.84, according to the NMDPRA data as at November 7

NNPC has remained the sole importer of petrol into Nigeria for several years running. Other marketers halted petrol imports due to their inability to access foreign exchange without hassles.

However, the queues for petrol in many northern states did not abate on Tuesday despite the claims by NMDPRA that there were over 30 days’ sufficiency, rather a lot of filling stations were shut due to lack of products to dispense.

It was reported on Tuesday that the cost of petrol had risen to as high as N200/litre at depots.

The report stated that PMS cost, which was about N178 to N185/litre recently, was jerked up by private depot owners due to the drop in supply by the NNPC, among other operational concerns.

Both the Independent Petroleum Marketers Association of Nigeria and the Petroleum Retail Outlet Owners Association of Nigeria had told our correspondent that tankers were now spending more than one week on queues for petrol at depots.

This, they said, had led to empty filling stations nationwide, a development that had caused chaos at some of the few outlets that dispensed petrol in Abuja, Nasarawa, Niger and neighbouring states.

The National Vice President, IPMAN, Abubakar Maigandi, confirmed the reduction in supply by NNPC and the hike in the ex-depot price of petrol at depots in Lagos and Warri, Delta State.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Scrabble Stars Battle for N10m at Gov. Diri Championship

By Amgbare Ekaunkumo, Yenagoa Top Scrabble players from across Nigeria...

Northern CAN Leaders Visit Benue, Reject ‘Herders-Farmers Clash’ Narrative

...Pledge sustained advocacy...“Your presence is Christ sitting with us”...

Expect More Development — Gov. Aliyu Assures Sokoto Residents

By Muhammad Ibrahim, Sokoto Governor Ahmed Aliyu of Sokoto State...

We Have Brought Inclusive Development to Plateau — Governor Mutfwang

By Israel Adamu, Jos The people of Plateau State made...

NYSC Is the Thread Binding Nigeria’s Diversity” — Gov. Diri

By Amgbare Ekaunkumo, Yenagoa Bayelsa State Governor, Senator Douye Diri,...

What’s the Best Age for a Man to Get Married? Here’s What We Found

Marriage is one of the most significant milestones in...

Nurses Suspend Nationwide Strike – Health Minister Confirms

The National Association of Nigerian Nurses and Midwives has...
spot_img

Related Articles

Popular Categories

spot_imgspot_img