• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 28, 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

NNPC’s petrol supply increases 44% a week

Petrol

The Matters Press by The Matters Press
March 20, 2023
Reading Time: 2 mins read
0
How NNPC is solving lingering petrol scarcity

Nigerian National Petroleum Company Limited (NNPCL) has reported a total of 488.94 million litres of petrol distributed to 63 depots across the country in the one week spanning March 11 to 17, 2023, to stabilise supply.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

This marked an increase of 44.2 per cent in the volume distributed compared to a total of 339 million litres of petrol distributed the previous week between February 25 and March 3.

This is as many independent petroleum marketers continue to sell petrol close to N300 per litre in Lagos, outskirts of Abuja and other parts of the country despite the NNPCL’s agreement to their request for direct supply of products. This is far above the current regulated prices of between N184 and N194 per litre.

Filling stations such as Total, Mobile and NNPCL retails outlets and few independent markets, are selling at the price of N185 and N194/N199per litre, in Lagos and Abuja.

Data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and obtained by LEADERSHIP from the NNPCL official twitter handle @nnpclimited, yesterday showed that the products were evacuated from 64 depots.

According to the Weekly National PMS Evacuation & Dispatch report, 488.94 million litres of petrol were distributed across the states, with Lagos getting the bulk of 1,943 trucks which amounts to between 64.12 million and 87.43 million litres depending on the truck size.

Petrol tanker trucks have capacities of between 33,000 and 45,000 litres.

The federal capital territory followed with distribution of 812 truckloads while Oyo, Ogun and Delta states got 532, 524 and 395 truckloads of petrol respectively during this period.

With a daily average distribution of about 69.84 million litres, and 65.42 million year-to-date (YTD) daily average, NNPCL and NMDPRA, said 64 per cent of all evacuation took place at the top 29 top loading depots with minimum evacuation of five million litres.

Recall that petroleum products marketers had told LEADERSHIP that only deregulation of the downstream oil industry will engender competition and address pump price inconsistencies and arbitrary hike and smuggling by a few operators in the industry.

Before now, independent marketers sourced products from third party operators in the industry, while major marketers enjoyed credit facility and direct product supply from the NNPCL which they claimed was responsible for the wide gap in pump price in the market.

Although the Independent Petroleum Marketers Association of Nigeria, IPMAN, said there ought to be a uniform pricing structure after the NNPCL intervention.

Tags: Petrol
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
Importation of skilled labour contributes to unemployment

NBS gives reasons for delay in releasing unemployment data

Consumer commission, CBN, EFCC investigate violations in money lending

MPR: Economists say rates increase didn’t meet expectations

Recommended Stories

Boko Haram rattles Nigerian troops

Low morale hits Boko Haram’s fighters

March 13, 2019
Investment in refinery driven by innovation — Dangote

Dangote tasks Nigeria to transit to knowledge-based economy

March 3, 2024

IMF modifies annual, cumulative access limits for fund lending

March 8, 2023

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

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

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