NNPC intensifies effort to flood market with products

Alonzo Simpson
December 26, 2017

Baru said that the consumption of PMS had risen to over 50 million litres per day, due to hoarding and diversion.

Baru explained that the Cost, Insurance and Freight price of petrol is $620 per metric tonne and that at N305 to a dollar, the landing cost translates to N171 per litre.

A civil rights organisation, Stand Up for Nigeria Coalition (SUN-CO), on Monday said it would mobilise Nigerians against the ineptitude of the Nigerian National Petroleum Corporation (NNPC) which, it said, has been "threatening the peace and stability of the country".

The Nigerian Navy, NPA, Customs and NIMASA are expediting vessel clearance to facilitate speedy product transfers to various depots including weekends and public holidays.

"We therefore urge President Muhammadu Buhari to save his government from further incurring the anger of Nigerians by ensuring that Baru is shown the way out if he lacks the decorum to fall on his own sword after the punishment he has imposed on the country at a time when all citizens should be joyous".

"Major marketers were also advised to carry out 24-hour operations, most of who have been complying".

The star of the Kapoors Christmas lunch-Taimur Ali Khan
One of the videos from the event is doing the rounds on social media in which Taimur can be seen wearing sunglasses. The entire Kapoor clan gathered at late Shashi Kapoor's residence to celebrate Christmas.

NNPC has programmed the delivery of an additional 300 million litters between Dec 2017 and Jan 2018 to beef up national reserve to 45million liters per day.

He added that 14 shuttle tankers, with a combined capacity of 187 million litres of the commodity would also be discharging the product at various destinations across the country in the next three days.

"The supplies are mostly from cargoes of PMS imported by NNPC which are daily berthing, and immediately being made to discharge their products to stem the supply hiccups".

To ensure effective products penetration across the length and breadth of the country, Dr. Baru explained that the Corporation had activated the Fuel War Room comprising of team members from the NNPC, the Department of Petroleum Resources (DPR), Petroleum Products Pricing Regulatory Agency (PPPRA), and Petroleum Equalization Fund (PEF), with support from the security agencies.

According to its Convener, Comrade Philip Agbese, at a press briefing in Abuja on Monday, the only thing Nigerians can understand "after series of meetings and Consultations is for fuel to immediately return to the filling stations and let us end this suffering and pains caused by the ineptitude of one man who is abusing his rights and privileges".

There was no immediate drop in transport fare in the Lagos metropolis as a result of the current fuel supplies.

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