The Petroleum Products Pricing Regulatory Agency (PPPRA) has assured Nigerians of availability of petroleum products throughout the yuletide period.
The Executive Secretary of the Agency, Abdulkadir Saidu, made the statement in a press release to Journalists in Abuja, Saidu warned marketers against unwholesome practices that could cause Nigerians untold hardship during the period and beyond.
According to PPPRA the average petrol inland stock between 23rd and 29th November 2019 stood at 1,145,365,386 while marine stock was 1,542,779,814 with the total stock standing at 2,688,145,200 litres.
Therefore, inland days sufficiency is 20 days, marine days sufficiency is 27 days while total days sufficiency stands at 47 days.
The statement also disclosed that the country has a total of 593,989,071 litres of AGO or diesel with an Inland Days Sufficiency of 29.56 days and a Marine Days Sufficiency of 12.88 days. Total days sufficiency stands at 42.44 days.
According to the PPPRA chief, Nigeria has over six days sufficiency with a total of 8,119,629 litres of HHK of household kerosene for domestic use popularly called kerosene.
with more than 65 days sufficiency of Aviation Turbine Kerosene (ATK).
The PPPRA wishes to warn marketers to operate within the ambience of the rules that guide downstream operations. The PPPRA Boss also informed that government has no intention of increasing the price of PMS, therefore there would be no need for hoarding of products by Marketers or panic-buying by consumers.
