The Federal Government has broken its silence on the persistent scarcity of Premium Motor Spirit, popularly called petrol, as it blamed the development on cross-border smuggling of PMS from Nigeria to neighbouring countries.
It also announced that the Nigerian National Petroleum Company Limited had enough petrol, to the tune of 1.6 billion litres, amidst the widespread scarcity and queues nationwide.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority disclosed this on Friday, as it reassured “all Nigerians that there is PMS sufficiency of over 1.6 billion litres as of January 26, 2023 both on land and marine.”
It said in a statement issued in Abuja that NNPC had additionally made firm commitment to supply more volume of PMS for the months ahead to guarantee national energy security and nationwide availability at the government regulated price.
