Fear Not! NNPC Has Enough Petrol Stock

Dr. Maikanti Baru

SAN FRANCISCO, February 06, (THEWILL) – Dr Maikanti Baru, Group General Manager of the Nigerian National Petroleum Corporation (NNPC) has revealed that the corporation has a 36-day petrol stock which is said will be enough to service the country.

Baru made this known during a courtesy visit by the management of the New Telegraph newspaper in Abuja, saying that the Corporation would continue to live up to its responsibility by intervening in the supply of deregulated petroleum products like diesel, jet fuel, kerosene and cooking gas to ensure supply sufficiency.

“We have consistently brought in between 30, 000 to 45, 000 metric tons of diesel on the average every week which is more than what we need to augment the required supply demand nationwide. We have also intervened in the supply of ATK and also ensured 20 days sufficiency,” Dr Baru said.

He declared that it was not in the interest of the NNPC to operate as a monopoly as the Corporation preferred a situation where private sector operators also play an effective role alongside the NNPC, especially in cases of emergency.

Mrs Funke Egbemode, Managing Director of the New Telegraph who is also the President of the Nigerian Guild of Editors, who led the visit, said her organization had done much in the past to support NNPC and that it was willing to do more.

She commended NNPC for its resilience in weathering the storms over the years and staying on course in its management of the nation’s hydrocarbon wealth to ensure that Nigeria remains prosperous.

She also commended NNPC for the feat of ensuring a fuel-scarcity-free end of year holiday season in 2016.

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