LATEST UPDATES
Card-image-cap

Economy | Oil & Gas

NMDPRA Assures Nigerians of Steady Supply of PMS Nationwide

Mar 07, 2023   •   by   •   Source: NMDPRA   •   eye-icon 222 views

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA has assured Nigerians of steady supply of petroleum motor spirit, PMS nationwide.

 

In a letter signed by the Chief Executive Officer of the NMDPRA Engr. Farouk Ahmed the regulator stated that it will continue to strive towards guaranteeing reliable supply and distribution of petroleum products in the country.

 

It informed the public that the current stock efficiency stands at 35.39 days for PMS (Premium Motor Spirit), 34.86 days foe AGO(Automotive Gas Oil)  and 31.36 days for ATK( Aviation Turbine Kerosene). 

 

According to the CEO of the NMDPRA, the regulator is working with stakeholders to mitigate the slight tightness being experienced in the distribution of PMS. 

 

Part of the reasons for the seeming logistics challenge was the restriction of movement during the February 25th, 2023, Presidential/National Assembly elections, which enabled truck drivers to go their respective states to exercise their civic duties.

 

The NMDPRA advised citizens to avoid panic buying of PMS, as the situation will be restored to normalcy. 

 

Related items.

Get the App

apple-store  play-store

Connect with us


Proshare is a professional practice focused on delivering research and information services to bridge the gap between investors and markets; by delivery on credible, reliable, and timely engagements through the following areas — Impact Research, Market Intelligence, Strategic Advisory, Stakeholder Relations & Digital Media.