The Nation currently has about 1.3 billion liters of Fuel- FG

The nation has received approximately 1.3 billion liters of gasoline imported into it.

Ayo Kadoso, the General Coordinator for the South-West Region of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, made the disclosure while the team from the Federal Government’s task force on petrol price compliance was in Lagos to visit the Ijegun tank farms.

He claims that of the country’s 1.3 billion liters of gasoline, 580 million are stored in inland depots and 690 million are stored in marine or offshore depots.

He stated, “The country has sufficient fuel.” Because we will intensify enforcement and simultaneously monitor distribution, I can guarantee that everything will be fine in a few days.

The inland depots currently hold 580 million liters, while the marine or offshore depots hold 690 million liters. That amounts to 1.3 billion liters, or approximately 32 days’ worth of fuel.

Kadoso sold products to customers at a set price of N172 per liter to reassure the public that the Federal Government was serious about keeping the country wet.
We have always kept an eye on the system from the vessel entering the system all the way down to the retail pump. “The federal government will ensure that the regulated price is adhered to, and now we are seeing light at the end of the tunnel that things are getting better,” he stated.

Mike Osatuyi, the National Controller Operations of the Independent Petroleum Marketers Association of Nigeria, provided motorists with the assurance that IPMAN members would be willing to adhere to the new pricing policy provided that depot owners and the NNPCL would honor their commitments.

“All of my members will load at a rate of N172 per liter.” We are, however, concerned about the government’s ability to maintain promised price regulation while maintaining supplies to depots. However, I would like to believe that the government is committed to maintaining supply,” he stated.

Osatuyi also issued clear instructions to all IPMAN members to adhere to the new price or face sanctions.