Yuletide: PPPRA assures of adequate petroleum products

The Petroleum Products Pricing Regulatory Agency has assured Nigerians that there will be adequate petroleum products throughout the festive period.

“The average stock of Premium Motor Spirit, also known as petrol, for both inland and marine between December 12 and 18 stood at 2,230,400,000 litres, translating to 39.83 days sufficiency.

“The country also has a total average volume of 623,080,000 litres of Automotive Gas Oil or diesel with 44.51 days’ sufficiency, which signals good news for luxurious buses that are expected to dominate long travels during the festive season,” said PPRA in a statement by its Executive Secretary, Abdulkadir Saidu.

He, however, urged marketers to operate within the confine of the rules guiding operations in the downstream.

“The federal government remains intensely focused on executing the National Gas Expansion Programme, its gas master plan that will result in many fuel retail outlets being able to dispense gas to motorists in the new year.

“The NGEP Autogas roll-out of December 1 and the ongoing motor vehicle tank conversion exercise at various centres, herald the proliferation of a cheaper and cleaner alternative to petrol for Nigerians.”

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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