The Department of Petroleum Resources (DPR),has said that Nigeria currently consumes about 38.2 million litres of petrol daily.
The agency in its national stock reports, also said the country has a stock of fuel that could sustain it for 23days,adding that the development reveals that Nigeria cannot be short of supply in the face of the current disruptions in the market
According to the report the cumulative depot stock of petrol at the depots was 893,723,753 litres, including the combined petrol stock owned by PPMC, major and independent marketers.
It said: “Applying the estimated daily national demand of 38,200,000 (thirty-eight million two hundred thousand) litres, available depot PMS stock of 893,723,753 litres is sufficient for 23 days’’
The agency said, while the Lagos zone with 25 depots has 483,894,000 , the Calabar/Eket Zone with seven depots contains 78,731,000, Warri with 11 depots has 177,599,593, Port Harcourt comprising seven depots has 96,011,000, Umuahia, 6,938,000 and Kaduna 9,679,000.
Sarki Auwalu , DPR’s Director/CEO, said his agency was expediting action to promote the use of Compressed Natural Gas(CNG),adding that the CNG when realised would serve as a cheaper form of energy for Nigerians.
Auwalu at an industry event recently said: “2020 is a year of gas and efforts are in top gear to provide Nigerians with alternate energy source. Nigeria is a gas country and measures are fully in place to harness this God-given resource.
“The Compressed Natural Gas (CNG) will soon become available and affordable to Nigerians. If achieved, this will serve as an alternative to Premium Motor Spirit (PMS).”
Auwalu explained that the visit was critical, adding that the department was ready to share any information that may be required with the RMAFC team.
In his remarks, the Chairman of the Committee, Ahmed Gumel (Commissioner representing Jigawa State), said the DPR was important to Nigeria’s revenue source.
He urged the DPR to be firm in discharging its duties and urged the organisation not to relent in meting sanctions to operators, including IOCs involved in breaching the rules.
He said: “The Commission has a mandate to monitor accruals to and disbursement of revenue from the Federation Account. The oil and gas revenue is a major contributor to the national coffers hence the need for this important visit.
“The Commission is of the view that DPR being the chief regulator of the industry should at all times enforce regulatory compliance to the International Oil Companies (IOCs), Independent Producers and Marginal Field Operators and impose sanctions where necessary to ensure maximum revenue accruals to the Federation Account.”
Source: Independent