Monday, April 29, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

Report: NNPC distributed 381.88m litres of PMS in one week — 1.4% decline from previous week

Report: NNPC distributed 381.88m litres of PMS in one week — 1.4% decline from previous week
March 07
09:03 2022

The Nigerian National Petroleum Corporation (NNPC) says it distributed a total of 381.88 million litres of petroleum motor spirit (PMS) in a week.

NNPC said this in its weekly evacuation report for February 21 to February 26, 2022.

Last month, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had confirmed the importation of petrol with methanol quantities.

The development caused long queues across major cities as many filling stations shut down services to contain the spread of adulterated petrol.

Advertisement

According to the latest report, the distribution of PMS decreased by 1.4 percent compared to the total distribution of 387.59 million litres between February 14 to February 20, 2022.

The oil firm said it recorded an average evacuation of 63.65 million litres daily — an increase of 14.6 percent from a total of 55.5 million litres daily average recorded in the previous week.

“80 percent of all evacuation took place at the top 20 high-loading depots, while 20 percent of evacuation took place at other loading depots,” the report said.

Advertisement

“On the top high-loading depot chart, Pinnacle-Lekki accounted for the highest evacuation at 43.2 million litres, AITEO accounted for 22.4 million litres, while AA Rano also evacuated a total of 22.4 million litres.”

It added that Ardova Plc, Sobaz Nigeria Limited, and Mainland accounted for the lowest evacuation at 8.8 million litres, 8.9 million litres, and 8.8million litres, respectively.

Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!

Tags

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

error: Content is protected from copying.