The Nigerian National Petroleum Corporation (NNPC) has programmed to bring in two cargoes of petrol per day for the rest of February 2018 in a bid to boost supply. The move is also calculated to keep the country wet with petrol as well as eradicate the fuel queues that have resurfaced in some cities of the federation.
Each of the two cargoes is 50 million litres making a total of 100 million litres that will be brought in per day for the rest of February to increase supply and replenish strategic reserves.
Also, to enhance supply, 45 million litres of petrol was discharged from ships into jetties across the country on Wednesday.
Prior to the fresh 45 million litres discharge, there was 324 million litres of petrol on land and 432 million litres in marine storage making a total of 756 million litres, enough to last for 22 days at 35 million daily consumption rate.
The jetties that received the 45 million litres shipments include Nacj, Apapa; Bop, Apapa; Techo Jetty, Lagos; Dutchess, Oghara; Vine Jetty, Calabar; Chipet Jetty, Lagos; and ECM Jetty, Calabar.
To ensure efficient distribution of the product to depots in the hinterland, the Nigerian Pipeline and Storage Company (NPSC), a midstream subsidiary of the NNPC, has been mandated to fix relevant pipelines to facilitate seamless pumping, in addition to massive trucking arrangement that is in place.
The corporation assures that with the measures in place, the fuel queues being experienced in some cities would soon be a thing of the past.