PPMC urges MOMAN to regulate fuel supply to stations near borders
News & Trends •
by edith ike-eboh6 he encouraged nnpcppmc management to sustain the tempo of petroleum products supply to moman to ensure product availability at all times. nan1 ajiya in a statement issued by the nigerian national petroleum corporationsnnpc spokesman mr ndu ughamadu in abuja on wednesday said it would stem cross border leakages and forestall attendant product price hikes1 he said that price arbitrage and differential between regulated price in nigeria and the high product prices in neighbouring countries encouraged smuggling1 ajiya noted that moman and its members remained most reliable in the nigerian downstream petroleum sector distribution network1 he advised that members of the association should endeavour to increase the respective storage in their depots and stations to avoid stock-out as the yuletide approached1 he said that nnpcppmc had enough stock of premium motor spirit pms otherwise called petrol as well as other products adding that the companys petrol stock alone would last about 45days1 the managing director of the petroleum products marketing company ppmc mr umar ajiya has urged major marketers association of nigeria moman to regulate the volume of petroleum products dispatched to their member stations close to the borders1 we have 2.2 billion litres of petrol 1.1 on land and 1.1 on marine 800 million litres in ppmc depots in addition to 27-day sufficiency of ago 98-day sufficiency of atk and 48-day sufficiency of dpk ajiya said1 he implored moman to take advantage of the nnpcppmc stock sufficiency and request for products to always wet membersstations across the country1 he further disclosed that nnpcppmc had stocked-in products in the nine inland depots including enugu and aba and would commence selling by saturday1 this he said was with a view to forestalling frequent shortages being experienced during christmas and new year in the eastern part of the country1 on his part moman executive secretary mr clement isong said the association was committed to wetting stations in state capitals and other locations across the country1 we are ready to support nnpcppmc to flood the nation with products during the yuletide season and beyond as we go into general elections next year isong said1 according to him the target is to get the sufficiency level to 50 days1