• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, June 5, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Petrol scarcity disappears soon – NMDPRA

Petrol

The Matters Press by The Matters Press
December 2, 2022
Reading Time: 3 mins read
0
How NNPC is solving lingering petrol scarcity

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has assured Nigerians that the prevailing fuel crisis ravaging various parts of the country would soon disappear.

RELATED POSTS

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

FCT ground rent!: Check your name if you own property

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

Its Coordinator in Delta, Mr Victor Ohwodiasa, gave the assurance when he led a team of the regulatory authority on an unscheduled inspection visit to some petroleum depots at Ifiekporo, on Thursday evening and Friday in Delta.

The Ifiekporo Community is in Warri South Local Government area of Delta.

Ohwodiasa said that a lot of vessels laden with Premium Motor Spirit (PMS) known as Petrol were already coming into the state.

He said the regulatory authority would ensure that the vessels discharge products as quickly as possible.

“We will ensure that the depots receiving these products lift them out to the end users.

“By the time we have all the depots wet with PMS and they are lifting regularly, the looming scarcity we are experiencing will disappear,” Ohwodiasa said.

The agency’s coordinator said essence of the visit was to ensure that depots with the products dispensed to licenced retail outlets, eliminate middle men and also avoid diversion.

“Once we get our daily manifest, we send our men out to make sure that those trucks gets to their actual locations.

“There might be one or two infractions; we have apprehended about two persons for product diversion and they were made to face the full wrath of the law.

“As a regulatory authority, saddled with the responsibility of regulating the Midstream and Downstream of the Oil and Gas sector in Nigeria, we will continue to do what we need to do.

“This is to ensure that the products are available and adequately and fairly distributed within Delta and neighboring states,” he said.

Ohwodiasa said the NMDPRA would carry out intensed routine surveillance, adding that it would sustain the tempo to ensure that the right things were done in the Midstream and Downstream sector of the oil and gas industry.

He, however, urged people to stop panic buying, assuring that the Federal Government was doing everything possible to ensure availability of petroleum products in the country, particularly during the Yuletide season and beyond.

Ohwodiasa added that NMDPRA would ensure that the products get to the consumers at the right price, quality and quantity.

Among the depots visited were: Matrix Energy Group, Pinnacle Oil and Gas Ltd. and AYM Shafa Ltd.

Speaking on behalf of the Matrix Energy, Mr Francis Ibe, the Terminal Manager, Matrix Energy, said that the PMS stock level at the Warri Depot was 14 million litres on Thursday.

Ibe said as at evening of Thursday, it had trucked out over four million litres.

“With what I am pushing out, I know it will not be enough. Before now on weekly basis, we were receiving 40 million litres of PMS, but at the moment, we barely received 40 million in two weeks. So you can see the difference.

“Fourty million litres in one week as against receiving one vessels in two weeks cannot solve the problem. There is a serious supply gap,” Ibe said.

Also, Mr Luke Nnajieze, the Depot Manager, Pinnacle Oil and Gas, Warri Depot, said that the current stock level of the company in Warri as at Thursday morning was 3.1 million litres of Premium Motor Spirit (PMS).

Nnajieze added that the Automated Gasoline Oil (AGO) was 2.9 million litres. At the moment, we are out of stock of Dual Purpose Kerosene (DPK).

“On daily basis, we trucked 2.5 million litres to 3 million litres of PMS,” he said.

Nnajieze identified heavy vehicular gridlock as a major challenge confronting their business in the area, calling on the government to assist in expanding or fixing the bad access road.

He also called for the dredging of the Escravos Bar to allow bigger vessels to navigate and bring in petroleum products.

Tags: Petrol
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
President Tinubu outlines new economic, monetary, foreign policies
Economy/Technology

CUPP goofs over President Tinubu’s 2027 endorsement by governors

June 2, 2025
Next Post
5G: MTN, MAFAB win provisional licences

Nigeria earns $500m from 5G Spectrum auction

Chevron, NNPC secure $1.4bn for drilling project

Chevron, NNPC secure $1.4bn for drilling project

Recommended Stories

SON sure to certify 75% products in Enugu, Ebonyi states by 2023

SON pledges enabling environment for MSMEs

April 2, 2022
Seplat confirms exchange rate to determine interim dividend

Seplat still in deal with ExxonMobil

March 7, 2022
Nigeria gets AfDB’s $14m as member of ATI

AfDB implements impactful, life-transforming projects in Africa

May 30, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property
  • Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us