• About Us
  • Privacy Policy
No Result
View All Result
Express Day
  • Home
  • NEWS
    • Politics
    • Health
    • Education
    • Crime
    • Judiciary
    • Environment
    • Science & Technology
  • BUSINESS
    • Finance
    • Insurance
    • Agriculture
    • Aviation
    • Energy
    • ICT
    • Maritime & Transport
  • INVESTIGATIONS
  • ENTERTAINMENT & ARTS
  • SPORTS
  • en English
    ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanha Hausaig Igboit Italianko Koreanla Latinpt Portugueseru Russianes Spanishsw Swahiliyo Yorubazu Zulu
Express Day
No Result
View All Result
Home BUSINESS Economy

PPPRA TO SANCTION OIL MARKETERS ENGAGED IN ILLEGALITY DURING YULETIDE

ExpressDay by ExpressDay
December 6, 2019
in Economy, Energy, Oil and Gas
0
POOR STATE OF NIGERIA’S POWER SUPPLY WORRIES STAKEHOLDERS
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

By Anthony Isaac

The Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu has warned petroleum products marketers that they will be serious sanctions on those caught engaging in illegal practices during the festive season.

Saidu in a statement on Tuesday in Abuja, therefore advised consumers against panic buying as petroleum products will be available throughout the yuletide period.

He explained that the average petrol inland stock between 23rd and 29th November 2019 stood at 1,145,365,386 while marine stock was 1,542,779,814 with the total stock standing at 2,688,145,200 litres.

Therefore, inland days sufficiency is 20 days, marine days sufficiency is 27 days while total days sufficiency stands at 47 days.

For users of diesel, he said the country has a total of 593,989,071 litres of AGO or diesel with an inland days sufficiency of 29.56 days and a marine days sufficiency of 12.88 days. Total days sufficiency stands at 42.44 days.

According to him, Nigeria has over six days sufficiency with a total of 8,119,629 litres of house hold kerosene for domestic use.

The PPPRA chief, while assuring motorists of availability of petrol and diesel, also said Nigeria has more than 65 days sufficiency of Aviation Turbine Kerosene (ATK).

He explained that data available revealed that the country has 94,744,314 inland stock and 59,186,300 marine stock of ATK which translates to 40 days of inland days sufficiency and 25 days of marine days sufficiency.

The PPPRA warned marketers to operate within the ambience of the rules that guide downstream operations.

Saidu disclosed that government has no intention of increasing the price of petrol, and there would be no need for hoarding of products by marketers or panic-buying by consumers.

He hinted that while officials of the agency would be deployed to monitor the conducts of the marketers during the period and beyond, the PPPRA would not hesitate to sanction any erring marketer caught engaging in irregular practice.

Like this:

Like Loading...

Related

Previous Post

AGAIN, UBA GROUP EMERGES AFRICAN BANK OF THE YEAR

Next Post

IDSL GROW REVENUE TO N19BN

ExpressDay

ExpressDay

Next Post
POOR STATE OF NIGERIA’S POWER SUPPLY WORRIES STAKEHOLDERS

IDSL GROW REVENUE TO N19BN

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • Trending
  • Comments
  • Latest
Rector becomes Giwa of Auchi Sacred Kingdom

Rector becomes Giwa of Auchi Sacred Kingdom

January 7, 2023
Buhari demands justice for Omobolanle Raheem killed by police

Murder of Lagos Lawyer: We Also Demand Justice for Edo 5 — Barrister Asunogie

January 2, 2023
Group blasts Omo-Agege’s aide over lies against Ogboru’s alliance with Okowa

Oddiri’s campaign of calumny can’t change Deltans’ love for Ogboru – Okotie-Eboh

January 21, 2023
Second interpreter of “Papa Ajasco” role, Ogunrombi, dies

Second interpreter of “Papa Ajasco” role, Ogunrombi, dies

January 15, 2023
Auchi Poly: Echoes of a Transformational Administration

Auchi Poly: Echoes of a Transformational Administration

January 26, 2023
159 Nigerians renounce citizenship in 2022 – FG

159 Nigerians renounce citizenship in 2022 – FG

January 26, 2023
Auchi Poly: Echoes of a Transformational Administration

Auchi Poly: Echoes of a Transformational Administration

January 26, 2023
IGP Baba’s Welfare Drive And The Changing Face Of NPF

IGP Baba’s Welfare Drive And The Changing Face Of NPF

January 26, 2023

Recent News

Auchi Poly: Echoes of a Transformational Administration

Auchi Poly: Echoes of a Transformational Administration

January 26, 2023
159 Nigerians renounce citizenship in 2022 – FG

159 Nigerians renounce citizenship in 2022 – FG

January 26, 2023
Auchi Poly: Echoes of a Transformational Administration

Auchi Poly: Echoes of a Transformational Administration

January 26, 2023
IGP Baba’s Welfare Drive And The Changing Face Of NPF

IGP Baba’s Welfare Drive And The Changing Face Of NPF

January 26, 2023

Follow Us

Browse by Category

  • Agriculture
  • Aviation
  • BUSINESS
  • Crime
  • Economy
  • Education
  • Energy
  • ENTERTAINMENT & ARTS
  • Environment
  • Feature
  • Finance
  • FOREIGN
  • Health
  • ICT
  • Insurance
  • INTERVIEW
  • INVESTIGATIONS
  • Judiciary
  • Maritime & Transport
  • Metro
  • NEWS
  • Oil and Gas
  • OPINION
  • PHOTO NEWS
  • Politics
  • Science & Technology
  • Security
  • SPORTS
  • TOP STORIES
  • Tourism

Recent News

Auchi Poly: Echoes of a Transformational Administration

Auchi Poly: Echoes of a Transformational Administration

January 26, 2023
159 Nigerians renounce citizenship in 2022 – FG

159 Nigerians renounce citizenship in 2022 – FG

January 26, 2023
  • About Us
  • Privacy Policy

© 2022 Express Day

No Result
View All Result
  • Home
  • NEWS
  • BUSINESS
  • INVESTIGATIONS
  • ENTERTAINMENT & ARTS
  • SPORTS

© 2022 Express Day

%d bloggers like this: