Queues at petrol stations, which were noticeable in parts of the country during the yuletide period, have all disappeared.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, who confirmed this in Abuja while on a tour of some fuel stations in the Federal Capital Territory, said the Corporation would work round the clock to sustain a regime of zero petrol queues across the country.
He disclosed that NNPC had increased its daily truck-outs of PMS from 1,733 to 2000 per day to address the scarcity of the products in the hinterlands.
Baru said the Corporation is poised to flood the market with petrol to return the situation to normalcy across the Country.
His words: “We have a presidential directive that if we catch any marketer hoarding products or selling above the approved pump price we should dispense the products to the public free and that directive still holds.
“Therefore, those marketers that are still hoarding products in their stations should be aware that if they are caught by the regulatory agency of the Department of Petroleum Resources (DPR) and, of course, the law enforcement agencies, they stand the chance of losing their products to the public”.
He said regulatory and security agencies have cast their dragnets, ready to enforce the law, just as he said the good news was that some of the major and independent marketers with retail stations across the nation have sufficient petrol to sell to motorists who need the product.
Baru urged filling station owners with petrol to be patriotic by selling from all their pumps to further reduce the build-up of queues.
He said there are no plans to increase the pump price of petrol, affirming that NNPC had succeeded in returning the country to zero petrol queues as a New Year gift to the motorists.
A cross section of motorists commended the NNPC for clearing the petrol queues and enjoined it to sustain the efforts at ensuring availability of the product across the country.
In another development, the NNPC has said its Downstream subsidiary, the Petroleum Products Marketing Company (PPMC), sold and distributed a total of 1.352.86 billion (one billion three hundred and fifty two million and eight six thousand) litres of petroleum products across the country in October 2017.
Details of the transactions contained in the October 2017 edition of the Monthly NNPC Operations and Financial Report also indicated that 252.83 billion cubic feet of gas was supplied in the country within the period.
A breakdown of the volume of white products injected into the system shows that the 1.352.86 billion litres of products sold and distributed by PPMC within the period is slightly higher than the 1.282.61 billion litres for September 2017.
This comprised of 1.119.79 billion litres of petrol, 95.72 million litres of kerosene and 137.34 million litres of Diesel.
Total sale of white products for the period October 2016 to October 2017 stood at 16.18 billion litres, with petrol amounting to 14.11 billion litres and accounts for 87.22%, while total special products for October 2017 was 114.49 million litres, comprising of 63.82 million litres of Low Pour Fuel Oil (LPFO) and other special products totaling 50.67 million litres.
The report also indicated that within the same period, 1.512.02 billion litres of petrol was supplied to the country through the Direct-Sale-Direct-Purchase (DSDP) arrangements as against the 886.46million litres supplied in September 2017.
It also noted that the production of petroleum products (petrol & kerosene only) by the domestic refineries in October 2017 amounted to 204.31 million litres compared to 87.47 million litres in September 2017.
In terms of gas supply and production, the report which is the 27th in the series noted that, out of the 252.83 BCF of gas supplied in October 2017, a total of 145.03 BCF of gas was commercialized, comprising of 35.41 BCF and 109.62 BCF for the domestic and export market respectively.
This translates to an average daily supply of 1,142.15 million standard cubic feet of gas per day (mmscfd) to the domestic market and 3,536.11 mmscfd of gas supplied to the export market.
About 3,136.19 mmscfd or 88.69 per cent of the export gas was sent to Nigerian Liquefied Natural Gas Company (NLNG) Bonny for October 2017 compared with the period (October 2016 to October 2017) average of 3,066.29 mmscfd or 91.90% of the export gas.
Also, out of the 1,142.15 mmscfd of gas supplied to the domestic market in October 2017, about 716.28 mmscfd of gas, representing 62.71 per cent was used for Gas-Fired power plants, while the balance of 425.87 mmscfd or 37.29 per cent was supplied to other industries.
This implies that 57.36 per cent of the average daily gas produced was commercialized, while the balance of 42.64 per cent was re-injected, used as upstream fuel gas or flared.
Gas flare rate was 9.59 per cent within the period, amounting to 781.77 mmscfd compared with average Gas flare rate of 10.03 per cent, amounting to 752.45 mmscfd for the period October 2016 to October 2017.
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