Following President Buhari’s promise of putting to an end to one of Nigeria’worst fuel scarcity in years, the Nigerian National Petroleum Corporation, NNPC, says the Nigerian refineries namely the Kaduna, Port Harcourt and Warri refineries; now produce over 6.76 million litres of petrol per day.
The recent development was confirmed by Ohi Alegbe, NNPC’s Group General Manager, Public Affairs Division.
According to his statement, the three refineries had been projected to increase combined production to over 10 million litres per day by the end of January.
It said a breakdown indicated that the Port Harcourt refinery, which was re-streamed a week earlier, produces about 4.09 million litres while Kaduna yields 1.29 million litres.
The statement added that Warri refinery, which was re-streamed on Sunday, posts a yield of 1.38 million litres.
It said the volume of petrol from the refineries currently operating at an appreciable percentage of their nameplate capacities would help stabilize supply and distribution in the country.
We could recall that President Muhammadu Buhari apologized to Nigerians on December 22 2015 over the current fuel scarcity which is plaguing the country. Buhari expressed regret at the situation while presenting the 2016 budget before a joint session of the National Assembly. The president also said that the scarcity is the “unfortunate result of speculators and resistance to change.”
More so, few weeks later, the Federal Government, announced to the public that effective January 1, 2016, Premium Motor Spirit, otherwise known as petrol, would be sold at N86 per litre by the Nigerian National Petroleum Corporation, NNPC Retail stations, while other oil marketers would sell at N86.50 per litre.
Though not all fuel stations have currently taken to the new price, Nigerians are hopeful that fuel scarcity will be a thing of the past as President Buhari and his administration earlier promised.