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404.69 million litres of fuel evacuated last week -NNPC

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CEM REPORT, ENERGY | Between February 11 and 17, 404.69 million litres of fuel were evacuated and supplied to different parts of the country.

According to the Nigerian National Petroleum Company Limited (NNPCL), 57.81 million litres were evacuated on an average daily for the week.

The NNPC shared the information via its official Twitter account, citing fuel supply data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

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According to the NMDPRA data, Lagos state had the highest fuel supply delivery during the period under review at 1,962 fuel trucks; Federal Capital Territory (FCT) Abuja received 731.

Delta state got 462 trucks, Kano state received 297 fuel trucks and Benue state got 115 fuel trucks. Meanwhile, Ebonyi state received 26 fuel trucks.

The data says that 83% of all evacuations done during the highlighted week, took place at the top 27 highest loading depots around the country.

Some of these depots include Pinnacle Lekki at 52.80 million litres, NIPCO at 25.23 million litres, Matrix at 24.88 million litres, Aiteo at 21.37 million litres, AA Rano at 16.18 million litres. Also, PPMC Calabar was at 9.54 million litres, Total Apapa was at 7.38 million litres, and PPMC Warri had 7.45 million litres.

With the amount of excavation recorded, scarcity of the product is still experienced across the country.

[READ ALSO] CBN’s Naira Redesign Policy and its Debated Impact on Inflation

Recall that Mele Kyari, the Group Chief Executive Officer of the NNPC, recently revealed that the NNPC is making N400 billion in fuel subsidy payments every month.

While this is a welcome development the unanswered question is why the cost of fuel varies across filling stations across the country.

 

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