NNPC Floods Market With Aviation Fuel, Discharges 38.7Million Litres
… Assures Nigerians Of 40-Day Sufficiency Of Petrol
In its bid to ensure a hitch-free air travel across the country during and after the yuletide period, the Nigerian National Petroleum Corporation (NNPC) has flooded the market with Aviation Turbine Kerosene (ATK) popularly called aviation fuel or jet-A1.
Recalled that airline operators in the country have been finding it difficult getting aviation fuel due to the perennial scarcity.
Airlines have been complaining that the N240 per litres they buy aviation fuel from the oil marketers is too expensive and that may force them to increase airfares if the price of the product continues to skyrocket.
The Group Managing Director of the Corporation, Dr. Maikanti Baru, who disclosed this in Abuja today, said the giant step was taken to forestall shortage of the product, a situation that had recently led to reported cases of flight delays and cancellations across the nation’s airports.
Baru said in the build-up to the yuletide period, the corporation had exceeded the demand of marketers.
The GMD explained that the NNPC had imported about 38.7million litres of aviation fuel which represented about 26-day sufficiency.
Specifically, he continued, on December 14, 2016, the Corporation completed the discharge of 8,800 Metric Tonnes(MT), which represented about 10.6million litres to major terminals in the country.
In addition, as at this morning (December 19, 2016), 23,500MT which represented about 28.2million litres was being discharged to the major oil terminals.
In order to sustain the tempo, the corporation had also secured the supply of additional 30,000MT vessel of ATK which represented about 36million litres expected to berth Nigerian shores before the end of the year.
NNPC further stated that it had over 40-day sufficiency for PMS and adequate volumes of Automotive Gas Oil(AGO) and Dual Purpose Kerosene(DPK) to satisfy national demand throughout the yuletide period and beyond.
The GMD further assured Nigerians that the NNPC would sustain the drive towards ensuring availability of petroleum products at all times.