After many weeks of acute scarcity of aviation fuel leading to disruption of flightsIn, the Nigerian National Petroleum Corporation (NNPC) announced it has flooded the market with Aviation Turbine Kerosene (ATK), also known as Jet A1.
Airlines said they have lost huge resources purchasing the product at exorbitant price as high as N240 per litre with attendant high fares, which drastically reduced passenger traffic, adding that the supply of the product was belated after several days before the Yuletide.
The Group Managing Director of the Corporation, Dr. , who disclosed this in Abuja today said the giant step was taken to forestall shortage of the product, a situation that had recently led to reported cases of flight delays and cancellations across the nation’s airports.
Dr. Baru said in the build-up to the yuletide period, the Corporation had exceeded the demand of marketers.
The GMD explained that the NNPC had imported about 38.7million litres of aviation fuel which represented about 26-day sufficiency.
Specifically, he continued, on December 14, 2016, the Corporation completed the discharge of 8,800MT which represented about 10.6million litres to major terminals in the country.
In addition, as at this morning (December 19, 2016), 23,500MT which represented about 28.2million litres was being discharged to the major oil terminals.
In order to sustain the tempo, the Corporation had also secured the supply of additional 30,000MT vessel of ATK which represented about 36million litres expected to berth Nigerian shores before the end of the year.
Furthermore, NNPC wishes to state that it has over 40-day sufficiency for PMS and adequate volumes of AGO and DPK to satisfy national demand throughout the yuletide period and beyond.
The GMD further assured Nigerians that the NNPC would sustain the drive towards ensuring availability of petroleum products at all times.
