The Nigerian National Petroleum Corporation (NNPC) has called on motorists in Nigeria not to engage in any panic buying of petroleum products as it had no plan to increase the pump price of the white product from N145 per litre.
The NNPC also assured motorists that it has 1.3 billion litres stock of PMS, otherwise called petrol, which is sufficient to serve the nation for more than 38 days.
NNPC said that there is no iota of truth in the rumour that government is scheduled to adjust pump price of petrol.
“Indeed, with the resumption of production by the Corporation’s three refineries in Kaduna, Port Harcourt and Warri, complemented by imports, there is enough stock of PMS, Automotive Gas Oil (AGO), diesel and kerosene.”
The Corporation’s Chief Operating Officer, Mr. Anibor Kragha made these points when he briefed the Senate Committee on Petroleum Downstream on the current status of the refineries at the National Assembly Complex in Abuja.
Kragha told the legislators that the nation’s three refineries produced additional volumes of 4.6 million litres of kerosene and 7.7 million litres of diesel, in addition to millions of litres of petrol being refined daily at the nation’s refineries. [myad]
