Fuel queues set to disappear as NNPC imports, takes delivery of 300m litres

To put an end to the long petrol queues being experienced in some parts of the country, the Nigerian National Petroleum Company (NNPC) Ltd says it has imported and taken delivery of 300 million litres of the commodity also known as Premium Motor Spirit (PMS).

Persecondnews reports that the long queues were caused by scarcity resulting from the withdrawal of petrol with methanol quantities above Nigeria’s specification from the market across the country which created a supply shortfall.

The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, who disclosed this on Wednesday, said the 300 million litres arrived Nigeria through six vessels ordered by the NNPC.

According to Ahmed, with the delivery of the 300 million litres of petrol, the petrol queues in the country will disappear by Thursday.

He further added that there is a 9,000MT vessel that is being discharged at Apapa Port to major marketers including OVH, TotalEnergies, 11 Plc, Conoil and Ardova Plc.

“As soon as the vessels complete discharging and start pushing products to oil marketers, the fuel queues in Lagos will disappear.

 “Today, I am happy to say that loading has been going on in most of the depots because we have been able to identify, isolate and quarantine the limited amount of gasoline that was affected by the methanol volume that was discovered.

“We have vessels that have arrived in the country recently. At least six arrived in the last few days ordered by the NNPC, carrying a total volume of close to 300 million litres, just to close the gap created by those vessels we have withdrawn from the system.

“So, once these vessels complete discharging and start pushing the products to marketers. We have got that assurance from the marketers,” Ahmed said.

“Also, most of these vessels will also be providing volumes to most of the members of the key members of DAPPMAN.”