NNPC Stocks 2billion Litres of Petrol for Hitch-Free Year-end Movements of Motorists

0
275

 

The Nigerian National Petroleum Corporation (NNPC) has a stock of over two billion litres of Premium Motor Spirit (PMS), also known as petrol, to ensure a hitch-free end-of-year movement of motorists, a period hitherto sometimes characterized by supply and demand disequilibrium.

Speaking at the weekend after his investiture as Honourary Special Marshal by the Federal Road Safety Corps (FRSC), the Group Managing Director of the Corporation, Dr. Maikanti Baru, assured that adequate measures were in place to ensure that motorists have unimpeded access to fuel ahead of the forthcoming end-of-year festivities.

Dr. Baru said provision of adequate petroleum products would not only ease transportation but would also make our roads safer for motorists, just as other consumers too would have no need to hoard highly inflammable products in jerry cans, among others, which may pose as safety challenge to them.

“As we speak, NNPC has over two billion litres of petrol and we want to sustain this level from now on till the end of the year and beyond. This volume would give the country product sufficiency of about 60 days, well above the standard 30 days sufficiency threshold,’’ Baru said.

Describing his investiture as an eloquent testament of the Corporation’s long standing commitment to road safety and support for the FRSC, the GMD said NNPC would remain unwavering in its backing of the FRSC towards achieving its mandate of making our roads safer for motorists and other road users.

In her remarks, Deputy Corps Marshal in charge of Operations, Ojeme Ewhrudjakpor, who presided over the ceremony, thanked the Corporation for its commitment to road safety.

Ewhrudjakpor stated that road safety was the responsibility of everyone from motorists to regular road safety officers including special marshals, adding that all have a duty to ensure that the safety target which involves limiting the number of casualties on our road is achieved.

SHARE
Previous articleZambia and IMF agree to chart path towards debt sustainability
Next articleUBA wins Best bank in support of Real Sector at Banking Awards
Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.