55 million Litres of Petroleum Products Evacuated from Depots Daily - PPMC

The Managing Director, Petroleum Product Marketing Company (PPMC), Mr. Umar Aliyu has disclosed that 55,000,000 litres of petroleum products are evacuated from various depots in the country, with a total of 1,500 trucks lifting the products on a daily basis to hinterlands.

Aliyu, who disclosed this at the ongoing 12^th edition of the OTL expo held in Lagos, further, revealed that Ogun and Lagos states consumed one third of petroleum products in Nigeria, saying there has been efficiency in pipeline infrastructures.

PPMC boss said ‘’though not necessary consumption, but evacuation, we have witnessed an average of 55,000,000 litres of petroleum products in this country from various depots. As it were the products are good’’.

The PPMC boss said movement of products through road mode of transportation has been effective but pipeline movement of product could be more effective and better because of the deplorable conditions of Nigerian roads which in recent time slow down the process of goods to get to the final consumers in the hinterland.

He explained that the road transport unions have various challenges militating against the movement of products via the roads but pipeline utilisation would make the process seamless to move the products to other parts of the country.

The MD also maintained that Nigerian petroleum products are of high standard but added that pipeline transportation of the products must be encouraged.

He stressed the need for the private sector to invest and grow infrastructures in the country, noting that pipelines remain the cheapest mode of transportation for petroleum products.

He called on stakeholders to embrace mutual understanding to drive the sector, as smuggling of petroleum products must be discouraged to boost economic growth.

The ongoing annual OTL Africa Downstream Week is the continent’s leading business forum for unique insights on markets and emerging opportunities in addition to knowledge development, products showcase and recognition of excellence in the downstream petroleum value-chain.

Also speaking at the session, representative of the National Petroleum Authority (NPA) Ghana, Mrs Sheila Addo stressed the need for operators in the sub region to embrace market driven price to further encourage pipeline transportation of goods.

Harping on the solution to encourage pipeline mode of transportation in the region, she noted that infrastructural development of petroleum products play crucial role in the sector, and operators need to invest in pipeline utilisation of products.