Friday, March 5, 2021

Yuletide: PPPRA ensures suitable petroleum products

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The Petroleum Products Price Regulatory Agency (PPPRA) has ensured the availability of suitable petroleum products during the Yuletide period.

The agency gave the guarantee in a statement signed by its executive secretary, Mr Abdulkadir Saidu, in Abuja on Thursday.

“The average stock of Premium Motor Spirit (PMS), also known as gasoline, both for the interior and for the sea, between 12 and 18 December was 2,230,400,000 liters, which translates into 39.83 days of sufficiency.

“The country also has a total average volume of 623,080,000 liters of Automotive Gas Oil (AGO) or diesel with 44.51 days of sufficiency, which is good news for luxury buses that are expected to dominate long trips during the holiday season. “, said.

He said that the country also had 25 days of Aviation Turbine Kerosene (ATK) sufficiency with a total of 75,780,000 liters and 34. 18 days of sufficiency, with a total of 25,293,200 liters of Household Kerosene (HHK) for domestic use.

Saidu advised marketers to operate within the confines of the rules governing downstream operations and avoid unhealthy practices that could cause Nigerians untold suffering during the festive period and beyond.

“The Federal Government continues to be intensely focused on the execution of the National Gas Expansion Program (NGEP); its gas master plan that will result in many fuel outlets being able to distribute gasoline to motorists in the New Year.

“The launch of NGEP Autogas on December 1 and the ongoing motor vehicle tank conversion exercise at various centers, herald the proliferation of a cheaper and cleaner alternative to gasoline for Nigerians.

“With growing investor confidence in the country’s oil sector, catalyzed by the policy of deregulation and concerted efforts to update the Year of Gas, PPPRA would like, once again, to assure all stakeholders that the vision of a dynamic and self-sufficient downstream sector remains a priority and we are working tirelessly to achieve this, ” he added.

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