148, 533 Million Litres Of PMS Diverted During Crisis, Says Baru.

Maikanti Kacalla Baru
Maikanti Kacalla Baru
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru,
said that about 148,533000 million litres of fuel was diverted to during the December fuel crisis in the country.
He told an investigative public hearing by a Joint Senate and House of Representatives Committees on Petroleum Downstream on Thursday at the National Assembly Complex, Abuja that the corporation could not track the movement of 4,501 trucks that loaded the diverted products.
“Due to massive diversion, hoarding, panic buying and smuggling, coupled with the information that three Direct Sales Direct Purchase Consortia had rejected October cargoes, there was insinuation of a supply gap,” he said.
In an elaborate presentation to the joint committee on the fuel crisis, the NNPC boss revealed that during the period under review, the Corporation’s Aquilla tracking scheme could not detect the whereabouts of the affected trucks and the products.
Baru listed some of the key factors which were responsible for the  crisis to include insufficient reserve, clearance speed, supply gap, diversion, hoarding, panic buying and smuggling.
He noted that prior to the crisis , NNPC had 1.9 billion litres strategic reserve of Premium Motor Spirit (PMS), which would have lasted for 53 days.
 “But due to panic buying, diversion and hoarding, the Coorporation was unable to cope with the daily nation consumption of 37 million litres of PMS, which led to the presence of long queues at petrol stations across the country”.
He said that NNPC took some urgent steps to resolve the scarcity which includwd but not limited to the immediate activation of war room, additional imports to increase days sufficiency, 24-hour operations in all NNPC Depots and mega stations; sustained media and stakeholders engagements; increased monitoring, surveillance and sanctions as well as restreaming at Kaduna and Port Harcourt refineries put at 3 million daily.
While calling on the Petroleum Products Pricing Regulatory Agency (PPPRA) to review the pricing template and landing cost, Baru asked the National Assembly to approve outstanding subsidy payments and debts to marketers.
The GMD commended the Nigerian Association of Road Transport Owners (NARTO) and Petroleum Tanker Drivers (PTD) of helping the Corporation immensely during the crisis, adding: “JTF helped in reducing delays in checkpoints as well as curtailing theft in the Okrika jetty”.




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