To prevent cross-border leakages and avert associated product price hikes, the Managing Director of the Pipelines and Products Marketing Company (PPMC), Mr. Umar Ajiya, has enjoined the Major Marketers Association of Nigeria (MOMAN) to regulate the volume of petroleum products dispatched to their members’ affiliate stations close to the country’s borders.
Mr. Ajiya, who spoke during a recent interactive session with MOMAN executives in Lagos, explained that the differential between regulated price in Nigeria and the high product prices in neighboring countries, encourages smuggling and illicit activity in regions around the country’s borders.
The PPMC MD expressed confidence in MOMAN saying its members remain reliable and advised the members of MOMAN to endeavor to increase the product reserves in their depots and also stations to avoid shortages in stock as the holiday season approaches.
Mr. Ajiya gave the assurance that the Nigerian National Petroleum Corporation (NNPC)/PPMC have enough stock of petrol, and other products to supply the nation adding that the PPMC’s petrol stock alone would last about 45-days even in the absence of fresh supplies. Mr Aliyu also stated that the target is to get the sufficiency level of petrol and other products in the country to a point where the NNPC/PPMC are able to withstand 50 days without fresh supply of petrol.
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