The Nigerian National Petroleum Corporation (NNPC) and its downstream subsidiary, the Pipelines and Products Marketing Company (PPMC), said they had 1.2 billion litres of petrol in stock. This is contained in a statement issued in Abuja on Thursday by Mr Ohi Alegbe, Group General Manager, Group Public Affairs Department, NNPC.
The statement stated that the figure translated to 31 days sufficiency, going by the 40 million litres daily consumption of the product in the country. It explained that the Managing Director of PPMC, Mr Haruna Momoh, made the announcement in Abuja. It quoted Haruna as saying that “21 additional vessels laden with petroleum products are in offshore Lagos waiting to berth.