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NNPC begins additional 2bn litres PMS monthly circulation

By Ajogwu Jerry

 

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru has revealed that to sustain the present seamless supply of petrol across the country, the NNPC was adding 2 billion litres of Premium Motor Spirit (PMS), otherwise called petrol to its stock every month with effect from April. 

 

The GMD disclosed this when he received an award for Leadership Innovation and Repositioning from the Road Transport Employers Association of Nigeria (RTEAN) in Abuja on Tuesday.

 

According to a statement by NNPC spokesman Mr. Ndu Ughamadu, Dr. Baru was represented by the Managing Director of Petroleum Products Marketing Company (PPMC), an NNPC subsidiary, Mr. Umar Ajiya. 

 

Baru said all products were available and at government approved prices, emphasizing that the price of petrol remained N145.00 per litre, while calling on RETEAN not to allow their members to be shortchanged and report any marketer who contravenes the law to the Department of Petroleum Resources (DPR).  

 

He said the NNPC had embarked on the revamp of its refineries which began with the Port Harcourt Refining Company, PHRC, in order to reduce the importation of petroleum products in the country.

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