Group Managing Director of the Nigerian National Petroleum Corporation
(NNPC), Dr. Maikanti Baru, yesterday assured of uninterrupted supply of
fuel during the Christmas and New Year celebrations and beyond, saying
it has 60-day fuel in stock. He said the corporation imports about 60
million litres of fuel daily, while it evacuates about 50 million litres
daily, leaving an excess supply of 10 million litres.
Baru, who
toured some filling stations around Abuja metropolis to monitor fuel
supply situation and sales, noted that under-recovery of petrol has
reduced significantly.He said the corporation has put measures in place
to ensure that Nigerians don’t witness another fuel scarcity in the
country. He noted that as at December last year, commuters experienced
serious scarcity and there were also sharp practices by oil marketers,
who were busy diverting and hoarding the product.
Baru added that
the NNPC was also aware of some of their collaborators, who were
helping them to divert and hoard the product.He explained that with the
help of President Muhammadu Buhari, the corporation brought in more
product to avoid the scarcity experienced last year.
Commending
the President for maintaining N145 per litre, he said during the year,
there were times when the product was brought in, indicating
under-recoveries of about N80, adding that during the peak of crude oil
price, under-recovery also rose.
Baru pointed out that crude oil
prices had reduced just as under-recoveries decreased resulting to
bridging of N15-25 per litre depending on the price, saying when crude
oil price was N60, under-recovery came to N25.
Assistant
Comptroller General of the Nigerian Security and Civil Defence Corps
(NSCDC), Abdullahi Aminu, noted that NNPC carried them along in
providing security for pipelines, adding that pragmatic steps were taken
to curtail vandals from damaging the pipelines.
Manager of
Conoil filling station opposite NNPC, Lamia Ahmed, commended NNPC for
adequate fuel supplies, saying there were several trucks that were yet
to be discharged during the period.
Share your thoughts