NNPC to Import 45million Litres of Fuel Daily From March 1

The state-run oil firm said this in a statement from its spokesman, Ohi Alegbe, in Abuja.

It explained that on a daily basis, one cargo of petrol will be delivered to it, suggesting that the corporation could as well cover the entire petrol need of the country which is about 40 million litres daily.

The NNPC had in the Quarter-1 (Q1), 2016 import allocation approved by the Petroleum Products Pricing and Regulatory Agency (PPPRA) for the importation of three million metric tonnes of petrol got up to 78 per cent of the total allocated volume for the period, while the balance of 22 per cent would be supplied by other oil marketing companies.

It also said in the statement that it has stepped up collaboration with the Major Oil Marketers Association of Nigeria (MOMAN) and other downstream industry players to end the resurgence of fuel queues in some major cities across the country especially in Lagos and environs.

The corporation noted that it has secured the commitment of the leadership of MOMAN for effective collaboration in this regard and assured that the queues for petrol at filling stations will disappear in the days ahead with the reported increase in supplies.

“Within the last 48 hours we have received six cargoes of petrol (270 million litres) and beginning from 1st March, 2016 we shall begin to receive one cargo of petrol every day (45 million litres),” the corporation said in the statement.