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Nigeria imported 15.8mt of petrol in 2018 – NNPC

The Nigerian National Petroleum Corporation (NNPC) has said it imported 15,874,734.82 metric tons of Premium Motor Spirit (PMS) otherwise called petrol through the Direct Sales Direct Supply (DSDP) arrangement in 2018.

The national oil company added that the figure represents 62per cent increase over the 2017 supplies of 9,807,264.61 MT, even as it revealed it has 2.98 billion litres of petrol in reserve, (equivalent to over 59 days sufficiency at 50 million litres daily evacuation rate.

The Group Managing Director of the NNPC, Dr Maikanti Baru, who made the revelation in a new year message said the Corporation’s depots had been resuscitated and put to use through decanting of over 140 million litres of PMS nationwide. He further explained that systems 2B and 2E pipelines supplying petroleum products to South West, South-South and South East Regions have been resuscitated.

Source: The Sun