Daily Trust
participating in importation, we have to make up the volume. So for the 15 million litres per day they used to import, that is about 30 percent of the total requirements had to be augmented into the system. So in the early part of 2018 - around middle of January - we had a reserve as low as 14-day supply sufficiency and that is when the president stepped in and gave us the facility to enable us bring in more product.
As I am talking to you now, we have some 50 million litres a day supply or 35-day supply sufficiency. The basic thing is, we look at what the demand is and also at what is being taken and then make sure that we have sufficient product that will supply the demand. We built the models, fine-tuned them and continuously monitor the markets. As I speak to you I know exactly what we are trucking out on daily basis from various depots and as such we know how much we are to bring in.
We take the consumption or the truck-out on daily basis and we average that over a period; we do this on a 30-day average and we know what our truck-out average is and on that basis we ensure that we plan and have at least 30-day sufficiency. These are some of the strategies. Of course, I don’t need to go into details.
What about the issue of marketers hoarding products at their farm tanks. Has it been resolved?
Yes, some it has been resolved to extent, because by the