{"id":11341,"date":"2022-02-09T15:31:16","date_gmt":"2022-02-09T15:31:16","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=11341"},"modified":"2022-02-09T15:32:38","modified_gmt":"2022-02-09T15:32:38","slug":"pms-no-need-for-panic-buying-we-have-20-days-sufficiency-nmdpra","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/02\/09\/pms-no-need-for-panic-buying-we-have-20-days-sufficiency-nmdpra\/","title":{"rendered":"PMS: No need for panic buying, we have 20 days sufficiency \u2013 NMDPRA"},"content":{"rendered":"<figure id=\"attachment_11342\" aria-describedby=\"caption-attachment-11342\" style=\"width: 283px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-11342\" src=\"https:\/\/www.withinnigeria.com\/broadnews\/wp-content\/uploads\/sites\/11\/IMG_20220209_104020_751-283x300-1.jpg\" alt=\"\" width=\"283\" height=\"300\" \/><figcaption id=\"caption-attachment-11342\" class=\"wp-caption-text\">Mr. Farouk Ahmed, Chief Executive, Nigerian Midstream and Downstream Petroleum Regulatory Authority, and Mr. Adeyemi Adetunji, Group Executive Director, Downstream, Nigerian National Petroleum Company Ltd. during a meeting with stakeholders on Wednesday in Lagos.<\/figcaption><\/figure>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria currently has 20 days sufficiency of <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/01\/30\/fuel-queues-ease-off-in-fct\/\">Premium Motor Spirit (PMS<\/a>) hence there is no need for panic buying by the public.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The downstream petroleum regulatory agency said it was also working round the clock with other stakeholders to address the issue of substandard PMS, also known as petrol, imported into the country.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\n<div dir=\"auto\">The News Agency of Nigeria (NAN) reports that Mr. Farouk Ahmed, Chief Executive NMDPRA made this known during a meeting with downstream industry stakeholders on Wednesday in Lagos.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The meeting had in attendance top officials of the Nigerian National Petroleum Company Ltd., the Major Oil Marketers Association of Nigeria (MOMAN), and the Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN).<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Ahmed said the imported PMS was discovered to contain methanol above the specified volume, adding that a technical team comprised of stakeholders was working towards resolving the issue.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\n<div dir=\"auto\">He said: \u201cToday, I am happy to say that loading has been going on in most of the depots because we have been able to identify, isolate and quarantine the limited amount of gasoline that was affected by the methanol volume that was discovered. We have vessels that have arrived in the country recently.&#8217;<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cAt least six arrived in the last few days ordered by the NNPC carrying a total volume of close to 300 million liters just to close to the gap created by those vessels we have withdrawn from the system.&#8221;<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cAll in all, as of today, we have about 20 days sufficiency of PMS in the country. Our ideal days of sufficiency is 30 but the withdrawal of the vessel created a gap in our 30 days sufficiency.&#8221;<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cAgain, with aggressive importation by the <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/01\/25\/alleged-9-8m-fraud-ex-nnpc-gmd-andrew-yakubus-fate-to-be-decided-on-march-31\/\">NNPC<\/a>, this will be closed in a few days from the data we got from the NNPC\u2019s import program.&#8221;<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cLoading is also ongoing in most of the depots that have confirmed spec products so there is no need for panic. Hopefully, by tomorrow or early Friday, Lagos will be cleared.\u201d<\/div>\n<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">According to him, there is a 9,000MT vessel that is currently about to discharge at the Apapa Port.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">He said this vessel would be providing PMS to major marketers including OVH Energy, TotalEnergies, 11 Plc, Con Oil, and Ardova Plc.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Ahmed said there were also vessels on the ground to supply products to DAPPMAN members while the technical team would continue to work on how to salvage the withdrawn products in their depots.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria currently has 20 days sufficiency of Premium Motor Spirit (PMS) hence there is no need for panic buying by the public. The downstream petroleum regulatory agency said it was also working round the clock with other stakeholders to address the issue of substandard PMS, [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":11391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[20],"tags":[3090,355,2847],"class_list":["post-11341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-nmdpra","tag-nnpc","tag-premium-motor-spirit-pms"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PMS: No need for panic buying, we have 20 days sufficiency \u2013 NMDPRA &#187; BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/02\/09\/pms-no-need-for-panic-buying-we-have-20-days-sufficiency-nmdpra\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PMS: No need for panic buying, we have 20 days sufficiency \u2013 NMDPRA\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria currently has 20 days sufficiency of Premium Motor Spirit (PMS) hence there is no need for panic buying by the public. 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