Ripples
The Nigerian National Petroleum Company (NNPC) Limited’s stock of Premium Motor Spirit, popularly called petrol, has increased significantly following the return of queues in Abuja, Nasarawa, Niger and some other northern states.
Industry data released over the weekend and obtained by Ripples Nigeria on Monday indicated that the total PMS stock of NNPC as at November 11, 2022, was 2,111,721,150 (2.11 billion) litres.
This is a 264.1 million increase when compared to 1,847,558,138(1.8bn) petrol stock on the 4th of November 2022.
However, checks by Ripples Nigeria show that despite the increase in petrol stock which NNPC said can meet demands for 34 days, most filling stations sell for N200/litre at depots.
NNPC data which was also published by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, reveals that Kerosene in stock for Nigerians is 11.25 million litres
For Diesel, also known as AGO, NNPC said there are 440.24 million litres in stock sufficient to meet demands for 30 days.
For Aviation Fuel (ATK) there are 71.76 million litres which NNPC noted will meet the demand for 23.6 days.
