The Department of Petroleum Resources DPR says it currently has about 500 million litres of Premium Motor Spirit PMS in stock to forestall any unforeseen emergency that might arise in the supply imbalance of the product.
Mrs Ijeoma Otti- Onyeri, DPR Assistant Director on Retail Outlets Monitoring Department made the revelation yesterday when she appeared before Senate Committee on Public Accounts, SPAC in Abuja.
According to her, the strategy was put in place to cushion the effect of any shortfall in the PMS supply cahin for at least 12 days.
“The 500millions litres is a strategic plan that has come to stay to avoid the type of crisis experienced few weeks back. The 12 days’ supply strength of it, is generally believed within the sector to be enough to address any unforseen problem of supply imbalance that may arise especially during the time of festivities like the coming Easter celebration,” she said.
She assured that the country will not face the acute scarcity of PMS as witnessed towards the end of 2017 to early 2018.
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