XMAS: PPPRA Assures Nigerians Of Adequate Supply - EDU-BIZNEWS


Friday, December 25, 2020

XMAS: PPPRA Assures Nigerians Of Adequate Supply

The Petroleum Products Pricing Regulatory Agency (PPPRA)  has assured Nigerians  of adequate supply of petroleum products throughout this Yuletide period in the country.

 Executive Secretary of the agency,Mr Abdulkadir Saidu gave the assurance in a statement issued  in Abuja  on Thursday, to prevent Nigerians from panic buying of the product,which usually characterised the Christmas ,(today) and New year day.

According to him,“The average stock of Premium Motor Spirit (PMS) also known as petrol, for both inland and marine between Dec. 12th and 18th  stood at 2,230,400,000 litres, translating to 39.83 days sufficiency".

Saidu explained that the agency had enough stock of diesel and gas, including 623,080,000 litres of Automotive Gas, 75,780,000 of Aviation Turbine Kerosene as well as total of 25,293,200 litres of Household kerosene  to meet the domestic  denands of Nigeria beyond the festive period.

“The country also has a total average volume of 623,080,000 litres of Automotive Gas Oil (AGO) or diesel with 44.51 days’ sufficienl cy, which signals good news for luxurious buses that are expected to dominate long travels during the festive season,’’ he said

Saidu urged marketers to operate within the confines of the rules guiding operations in the downstream and shun unwholesome practices that could cause Nigerians untold hardship during the festive period and beyond.

He assured that “The Federal Government remains intensely focused on executing the National Gas Expansion Programme (NGEP); its gas master plan that will result in many fuel retail outlets being able to dispense gas to motorists in the New Year'.

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