Fuel Scarcity: We Have 2 Billion Litres Available – NNPC

The Nigerian National Petroleum Company Limited says it has two billion litres of Premium Motor Spirit in stock.

This is contained in a statement issued by Executive Vice President, Downstream, NNPC Limited, Mr Adeyemi Adetunji; a statement coming amid the fuel scarcity ravaging the Country.

Adetunji said the stock of over two billion litres is equivalent to over 30 days of sufficiency.

The NNPC, he said, has programmed vessels and trucks to unconstrained depots while massive load-outs from depots to states are closely monitored to ease fuel queues.

“The recent queues in Lagos are largely due to ongoing road infrastructure projects around Apapa and access road challenges in Lagos.

“The gridlock is easing out and NNPC Ltd has programmed vessels and trucks to unconstrained depots and massive load outs from depots to states are closely monitored,” he said.

Just In: Petrol Can't Sell Lower Than N510 - NNPC

The Nigerian National Petroleum Company Limited has revealed that premium motor spirit (petrol) cannot sell lower than N510 per litre as the President Muhammadu Buhari regime gears towards the phase-out of the fuel subsidy era.

Mele Kyari, the group’s managing director, said that the NNPC could no longer keep up with the N170 per litre pump price of fuel. This was made known while addressing at the Legislative Transparency and Accountability Summit organised by the House of Representatives Committee on Anti-Corruption in Abuja on Wednesday.

Crude Oil Thieves After My Life - Mallam Kyari

The Group Managing Director of the NNPC Limited, Mele Kyari has said that as a result of the several ongoing reforms in the oil and gas sector leading to the discovery of several sources of crude oil theft, he has been receiving death threats from anonymous.

Kyari spoke just as the Chairman of the Independent Corrupt Practices and other related Offences Commission (ICPC). Prof Bolaji Owasanoye said the country was losing close to 60% of revenue to bad agreements.

Kyari said the Company's discovery and annihilation of thousands of illegal refineries in the last few months as well as connection on the main pipeline carrying crude to the terminals for export has been a major focus so far. He therefore dismissed the threat to his life as a none issue because “every human being will die someday”.