The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has embarked on stock monitoring exercise within depots in Calabar to ensure the availability of petroleum product and a stable supply to consumers.
Mr George Ene-Ita, Regional Coordinator of NMDPRA, South-South Regional Office, Calabar, led members of staff of the Authority on the inspection in Calabar.
Ene-Ita said that the stock taking was to ensure availability and effective distribution of petroleum products within the South-South region and beyond.
“The essence of this exercise is to ensure that the whole of Calabar and it’s environs is wet with petroleum product to avoid scarcity and panic buying among commuters during this period.
“As an Authority, we are doing everything within our powers to make sure that there is enough petroleum products in the system to help alleviate the sufferings of commuters,” he said.
The depots visited include; Northwest, Fynefield, Dozzy, and Specialty.
Responding on behalf of the marketers, Mr John Chukwudozie, Director, Dozzy Oil and Gas, assured the Authority that they will work hand-in-hand to ensure the aspirations of Nigerians are met in terms of product supply and distribution. (NAN)