Financial Energy Review
Nigerian National Petroleum Company Limited (NNPCL) has said it distributed a total of 339 million litres of petrol to 63 depots across the country in seven days.
This is according to data obtained by The Tide source on Monday from the NNPCL and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, which showed that the products were sent out between February 25 and March 3.
According to Weekly National PMS Evacuation & Dispatch report, 339 million litres of petrol were distributed across the states, with Lagos getting the most of 1.73 billion litres.
It was followed by Delta State, which got 610 million litres; Oyo received 531 million litres and Ogun had 441 million litres to top the list of states that got petrol during this period.
NNPCL and NMDPRA, said 79 per cent of all evacuation took place at the top 25 top loading depots with minimum evacuation of 5 million litres, with a daily average distribution of about 48 million litres, and 63 million daily average.
Recall that the Group Chief Executive Officer, NNPCL, Mele Kyari, last year said Nigeria consumed 66 million litres of petrol daily.
Fuel scarcity resurfaced in some states, including Abuja this week, after some depots were shut for days before and after the presidential general on February 25, leading to fuel scarcity.
Nigeria has been battling shortage of petrol since October, which forced it to rise to N500 per litre, before dropping back to N185 in February.
As at Monday, many filling stations were not selling fuel to motorists, but the source observed a fairly long queue at NNPC retail station along Lagos-Ibadan Expressway on Tuesday, and most fuel Stations were open for business.
