Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday assured of uninterrupted supply of fuel during the Christmas and New Year celebrations and beyond, saying it has 60-day fuel in stock. He said the corporation imports about 60 million litres of fuel daily, while it evacuates about 50 million litres daily, leaving an excess supply of 10 million litres.

Baru, who toured some filling stations around Abuja metropolis to monitor fuel supply situation and sales, noted that under-recovery of petrol has reduced significantly.He said the corporation has put measures in place to ensure that Nigerians don’t witness another fuel scarcity in the country. He noted that as at December last year, commuters experienced serious scarcity and there were also sharp practices by oil marketers, who were busy diverting and hoarding the product.

Baru added that the NNPC was also aware of some of their collaborators, who were helping them to divert and hoard the product.He explained that with the help of President Muhammadu Buhari, the corporation brought in more product to avoid the scarcity experienced last year.

Commending the President for maintaining N145 per litre, he said during the year, there were times when the product was brought in, indicating under-recoveries of about N80, adding that during the peak of crude oil price, under-recovery also rose.

Baru pointed out that crude oil prices had reduced just as under-recoveries decreased resulting to bridging of N15-25 per litre depending on the price, saying when crude oil price was N60, under-recovery came to N25.

Assistant Comptroller General of the Nigerian Security and Civil Defence Corps (NSCDC), Abdullahi Aminu, noted that NNPC carried them along in providing security for pipelines, adding that pragmatic steps were taken to curtail vandals from damaging the pipelines.

Manager of Conoil filling station opposite NNPC, Lamia Ahmed, commended NNPC for adequate fuel supplies, saying there were several trucks that were yet to be discharged during the period.

https://www.akelicious.net/2018/12/nnpc-reserves-three-billion-litres-of.html

for the first time, since 2011, Indeed it's a change, we have been longing for....





but it shouldn't withhold us from sending the impostor back to Sudan come next year

Dr. Maikanti Baru, yesterday assured of uninterrupted supply of fuel during the Christmas and New Year celebrations and beyond, saying it has 60-day fuel in stock. He said the corporation imports about 60 million litres of fuel daily, while it evacuates about 50 million litres daily, leaving an excess supply of 10 million litres.

First time that this will be happening in many many years in this nation.
This is the change we voted for.
Any enemy of Nigeria that is being pained by such good news as this, will continue to wail for as long as possible.
Baba, we sane, good, honest and hard-working Nigerians are solidly with you as you take us to the land flowing with milk and honey, also known as The NEXT LEVEL .
Yours truly can testify below........

Sai Baba

Pubichairs:
for the first time, since 2011, Indeed it's a change, we have been longing for....





but it shouldn't withhold us from sending the impostor back to Sudan come next year

pipe dreams.


who get that bubu 4+4 pictures?

Baru was just calling pmb name for no vital reason...

Who do we credit dis achievement to.... Fuel hurdles right from time was evil work of the cabals n improper arrangement of d government ahead of Yuletide.

Pubichairs:
for the first time, since 2011, Indeed it's a change, we have been longing for....





but it shouldn't withhold us from sending the impostor back to Sudan come next year

zombie

martineverest:
pipe dreams.


who get that bubu 4+4 pictures?

Okay.

Good to hear.... The queue in petrol station this time last year has now converted to ATM spot.... #Change

Is the impostor a clone or a Sudanese who was given a facelift.
Nnamdi Kanu and his ilk sha. Jubril from Sudan. What a tale!!

APC try for these,no queuing in filling station.

When atiku becomes president, sharp practices will halt to zero

They is no scarcity cause elections is near Never again

A situation where people don't read in-between the lines, but just rush to post nonsense, is pitiable. They've just told us that subsidy has reduced to about N20 because crude price is about $60. Yet N145 was paid for PMS when crude hovered around $29 - $40. Who is deceiving who? The painful aspect is the gullible that simply don't think b4 hailing open criminality perpetrated by the NNPC.

Am happy a lifeless president did a magic to avoid fuel scarcity this Christmas period.

In their days there would be fuel scarcity now.they would make millions of naira st this time.this they did for 16 years stealing our money making masses poorer. The educated Nigerians like us cannot be deceived. The uneducated Nigerians will not follow them.If umbrella carriers are unrepentant thieves we will use our brooms to clean our rooms always.

Soulsymbol99:
They is no scarcity cause elections is near Never again

There is no scarcity because people can't buy. Have people finished buying food, talk less of fuel?

If its true this development came from Jubrin of Sudan, Then I pray Nigeria keep importing Presidents from Sudan every tenure till thy kingdom come.

Ibegtodiffer:
A situation where people don't read in-between the lines, but just rush to post nonsense, is pitiable. They've just told us that subsidy has reduced to about N20 because crude price is about N60. Yet N145 was paid for PMS when crude hovered around N29 - N40. Who is deceiving who? The painful aspect is the gullible that don't simply don't think b4 hailing open criminality perpetrated by the NNPC.

$60 not 60naira.

ejimatic:
In their days there would be fuel scarcity now.they would make millions of naira st this time.this they did for 16 years stealing our money making masses poorer. The educated Nigerians like us cannot be deceived. The uneducated Nigerians will not follow them.If umbrella carriers are unrepentant thieves we will use our brooms to clean our rooms always.

It is childish to always think that anyone who points out the failings of this government is a PDP apologist. Watched the news all through the period, same report everywhere. "Things are hard". It can't be coincidence that everyone in different locations of country are saying the same thing against the system. #factsplease

Xbee007:
$60 not 60naira.

Thanks bro.

wow Sai Baba 4 more years

We always fail to ask vital questions, that why government can deceive us easily. What causes the scarcity? What has been done to stop it? We won't ask, instead most of us will be shouting PMB, PDP 16 years.

sirfemoz:
We always fail to ask vital questions, that why government can deceive us easily. What causes the scarcity? What has been done to stop it? We won't ask, instead most of us will be shouting PMB, PDP 16 years.

Subsidy answer man here...
Theme music....!

1.For many years, marketers have been selling fuel at a price below the import price for fuel in the name of subsidy. So, in order to balance their books, they hoard fuel...and sell to black marketers, and smuggle to neighbouring countries, as well as make fradulent subsidy claims too

And they do all that to make sure they don't have to sack workers, and to make profits too.

As at now...under subsidy landing cost is N165, fuel price is N145.NNPC now imports most of the fuel....but loses money as a result. Subsidy payments just pay the extra N20 per liter...they don't let NNPC make a profit.

2.Because NNPC is not making profits, they cannot invest in new refineries, or imporve the old ones.

3.Because fuel is subsidized, investors are not building refineries, because who wants to refine fuel at a cost above N145 and sell at a loss?

4.And speaking of refineries...the last new one (apart from Dangote 1)...was built in 1988. Since then the number of cars and generators in this country has increased . Meaning our needs have increased. Meaning if the refineries were operating at full capacity, we would still NOT BE PRODUCING ENOUGH.

5.Solution is to remove subsidy, and use the billions spent on subsidy for something else. Like railways. Meanwhile prices go up, we pay over N200 for fuel...BUT...investment flows in, more people woould get into the refining business...and things get better.

6.Past governments have been warning us about the problems with subsidy since 1993. The problem is Nigerians prefer the subsidy because they don't want to pay more for fuel. So the problems continue...

dingbang:
When atiku becomes president, sharp practices will halt to zero

you are seriously contradicting yourself, that is when sharp practices will take a full force.

Correct. NNPC are well prepared this festive season.

But... We will still not take it, they are doing this cos of election... This is vote buying...

theoldpretender:


Subsidy answer man here...

Was subsidy removed or introduced? How's it the cause or solution?

martineverest:
pipe dreams.


who get that bubu 4+4 pictures?

Take am....
We have 25 different version of it, but we can't post more than 4 here!

And make sure you save it o, don't come and be asking us again abegii .

SAI BABA. ..

post=74146373:

Take am....
We have 25 different version of it, but we can't post more than 4 here!

And make sure you save it o, don't come and be asking us again abegii .

SAI BABA. ..

ok sir.....I will need about 1000 different types by February

sirfemoz:


Was subsidy removed or introduced? How's it the cause or solution?

Well...

1.Now...NNPC imports fuel at N165 per liter...and sells at N145 per liter.

2.The subsidy government calls underrecovery....just pays the N20 difference.

3.NNPC thus does not make a net profit. As a result....NNPC cannot build new refineries, nor invest in exisiting ones.(NNPC is a business, not the government bureau itis run as).

4.On subsidy removal...what Bubu did in 2015 was raise the price of fuel from N87 to N145. At the time, landing costs of fuel was N132..so truly subsidy paying stopped (except for the debts left over in subsidy claims from the GEJ government which were high..more on that, and why it was not GEJ's fault)..BUT....when landing costs went above N145 a year later...government had to start paying subsides to avoid a price raise.

5.Still on no 4....what Bubu did was a PARTIAL removal....which is what governments since IBB in 1986 have done.(IBB's partial removal even led to some economic recovery that lasted two years)

6.Under GEJ...in 2012...GEJ raised fuel prices to N140 from N65.At the time, landing costs were N99.

7.Nigerians protested, GEJ reduced it to N97....meanwhile due to high oil prices...landing costs shot up above N100 in 2013...leading to scarcity galore., and the subsidy claims debts, as well as maekters engaging in scams like smuggling and selling fuel on the black market to survive as well as making claims for fuel not imported(That's why blaming GEJ for fuel scarcity is wrong...he tried to solve the problem...Nigerians dont want to pay for fuel).