The Managing Director of the Petroleum Products Marketing Company (PPMC), a subsidiary of the NNPC, Mr. Umar Ajiya says the company has stocked-in products in the nine Inland depots, including Enugu and Aba and will commence selling by 1st December, 2018.
The MD said the move was geared towards forestalling frequent shortages being experienced during Christmas and New Year in the eastern part of the country.
Mr. Ajiya, who spoke during an interactive session with executives of the Major Marketers Association of Nigeria (MOMAN) in Lagos, gave the assurance that NNPC/PPMC has enough stock of Premium Motor Spirit (PMS), otherwise called petrol, and other products.
He added that the company’s petrol stock alone would last about 45-days even in the absence of fresh supplies, saying the target is to get the sufficiency level to 50 days.
“We have 2.2 billion litres of Petrol, 1.1billion on land and 1.1billion on marine, 800 million litres in PPMC depots in addition to 27-day sufficiency of AGO, 98-day sufficiency of ATK and 48-day sufficiency of DPK,’’ the MD stated.
He implored MOMAN to take advantage of the NNPC/PPMC stock sufficiency and request for products to always wet their stations across the country.
Responding, MOMAN executive secretary, Mr. Clement Isong, said the association was committed to wetting their stations in state capitals and other locations across the country.
“We are ready to support NNPC/PPMC to flood the nation with products during the yuletide season and beyond as we go into general elections next year,’’
Source: Daily Trust