DPR: Nigeria’s fuel stock to last 23 days

Posted by News Express | 23 March 2020 | 1,036 times

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The Department of Petroleum Resources (DPR), the supervisory body for the country’s petroleum industry operations, has said that the country has a stock of the product to last the next 23 days.

Information gleaned from the department’s official National Stock Reports on Sunday also indicated that Nigeria currently consumes about 38.2 million litres of petrol everyday, thereby clearing the air on the controversy surrounding the country’s actual daily need which had been put at between 36 million to 54 million.

The DPR further noted that the organisation was working round the clock to ensure that Nigeria’s dream of getting an alternative to petroleum through the use of Compressed Natural Gas (CNG) becomes a reality.

According to the department, given the current stock and Nigeria’s daily consumption, citizens can be assured of constant supply of petrol even with disruptions in the market.

It said that as at the weekend, the cumulative depot stock of petrol at the depots was 893,723,753 litres, including the combined petrol stock owned by PPMC, major and independent marketers.

“Applying the estimated daily national demand of 38,200,000 (thirty-eight million two hundred thousand) litres, available depot PMS stock of 893,723,753 litres is sufficient for 23 days,” the organisation said.

According to the DPR, while the Lagos zone with 25 depots has 483,894,000 , the Calabar/Eket Zone with seven depots contains 78,731,000, Warri with 11 depots has 177,599,593, Port

Harcourt comprising seven depots has 96,011,000, Umuahia, 6,938,000 and Kaduna 9,679,000. (THISDAY)

Source: News Express

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