The NNPC/PPMC PMS supply in the system is in line with its approved quota of the national demand with a view to ensuring seamless supply as we approach the peak period in the last quarter of the year. The NNPC/PPMC as supplier of last resort has responsibility for maintaining a robust strategic reserve with additional reasonable buffer in line with the nation’s energy supply policy.
The current PMS stock holding is in tandem with the approved PPPRA allocation to NNPC/PPMC, which covers marine, inland and strategic stocks. Specifically, as at 17th October 2013, the marine stock offshore stands at 19 cargoes, translating to 25.6 days sufficiency, which is part of our national strategic reserve. Incidentally, the aggregate strategic reserve and buffer has been misrepresented in some media as solely marine stock.
Meanwhile, with a view to ensuring stable PMS supply during the end of the year festive period, NNPC/PPMC has taken proactive measures to reschedule its laycans in order to guarantee steady fuel supply to the nation.