The Nigerian National Petroleum Company Limited has said a total of 488.94 million litres of petrol was distributed to 63 depots across the country in the one week spanning March 11 to 17, 2023, to stabilise supply.
This marked an increase of 44.2 per cent in the volume
distributed compared to a total of 339 million litres of petrol distributed the
previous week between February 25 and March 3.
This is as many independent petroleum marketers continue to
sell petrol close to N300 per litre in Lagos, outskirts of Abuja and other
parts of the country despite the NNPCL’s agreement to their request for direct
supply of products. This is far above the current regulated prices of between
N184 and N194 per litre.
Only filling stations like Total, Mobile and NNPCL retails
outlets and few independent markets, are selling at the price of N185 nad
N194/N199per litre, in Lagos and Abuja respectively.
Data released by the Nigerian Midstream and Downstream
Petroleum Regulatory Authority (NMDPRA) and obtained from the NNPCL official
twitter handle @nnpclimited, yesterday showed that the products were evacuated
from 64 depots.
RELEASED:
— NNPC Limited (@nnpclimited) March 19, 2023
The Weekly National PMS Evacuation & Dispatch Report for the week 11th to 17th March, 2023 can be found below 👇🏽 #NNPCLimited #EnergyforToday #EnergyforTomorrow pic.twitter.com/UBcrUAPXDz
According to the Weekly National PMS Evacuation &
Dispatch report, 488.94 million litres of petrol were distributed across the
states, with Lagos getting the bulk of 1,943 trucks which amounts to between
64.12 million and 87.43 million litres depending on the truck size.
Petrol tanker trucks have capacities of between 33,000 and
45,000 litres.
The federal capital territory followed with distribution of
812 truckloads while Oyo, Ogun and Delta states got 532, 524 and 395 truckloads
of petrol respectively during this period.
With a daily average distribution of about 69.84 million
litres, and 65.42 million year-to-date (YTD) daily average, NNPCL and NMDPRA,
said 64 per cent of all evacuation took place at the top 29 top loading depots
with minimum evacuation of five million litres.
Recall that petroleum products marketers had said that only
deregulation of the downstream oil industry will engender competition and
address pump price inconsistencies and arbitrary hike and smuggling by a few
operators in the industry.
Before now, independent marketers sourced products from
third party operators in the industry, while major marketers enjoyed credit
facility and direct product supply from the NNPCL which they claimed was
responsible for the wide gap in pump price in the market.
Although the Independent Petroleum Marketers Association of
Nigeria, IPMAN, said there ought to be a uniform pricing structure after the
NNPCL intervention, some operators especially among the independent marketers
sell above the agreed pump price of between N185 and N210 depending on the
region.
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